Reporter Rochelle Olson updates you on the construction of the new Minnesota Vikings stadium in downtown Minneapolis.

Vikings, stadium authority close to completing agreements

Posted by: Richard Meryhew Updated: October 2, 2013 - 7:45 PM

Attorneys representing the Minnesota Sports Facilities Authority and the Minnesota Vikings worked into the night Wednesday putting the finishing touches on lease and development agreements for the team's new downtown Minneapolis stadium.

The authority board, which is overseeing construction of the $975 million project, is expected to vote on the agreements at a 5 p.m. meeting Thursday at the Hubert H. Humphrey Metrodome.

The use agreement, which is expected to bind the team to the new stadium for at least the next 30 years, will detail terms of the team's lease with the authority. The development agreement will spell out the responsibilities of each side during construction, as well as outline the parameters for seat license fees -- a one-time fee charged to season ticketholders for the right to reserve a seat.

Approval of the agreements is necessary before the Vikings can firm up their financing for the project. The team is responsible for $477 million of the $975 million construction cost. The state of Minnesota and city of Minneapolis are picking up the rest.

The Vikings have said that they hope to have their financing in place by early November, in time for a ceremonial groundbreaking east of the Metrodome.

The new stadium, which will replace the Metrodome, is tentatively scheduled to open by the 2016 NFL season.

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Atlanta - LP: J. Teheran 2 FINAL
Philadelphia - WP: C. Hamels 9
Washington 0 FINAL
Miami 8
Boston 4 FINAL
Minnesota 4
Detroit 2 FINAL
Houston 3
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Boston - LP: D. Hinojosa 7
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Charlotte 69
Philadelphia 57 3rd Qtr 2:53
Washington 90
San Antonio 82 4th Qtr
Orlando 60
Indiana 39 3rd Qtr
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New York 53
Chicago 31 2nd Qtr 8:08
Milwaukee 26
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Oklahoma City 35
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Houston 46
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Date/Opponent Time W L Score
2014 preseason     
Aug 8 - vs. Oakland 7 pmX10-6
Aug 16 - vs. Arizona 7:30 pmX30-28
Aug 23 - at Kansas City 7 pmX30-12
Aug 28 - at Tennessee 7 pmX19-3
2014 regular season     
Sep 7 - at St. Louis NoonX34-6
Sep 14 - vs. New England NoonX30-7
Sep 21 - at New Orleans NoonX20-9
Sep 28 - vs. Atlanta 3:25 pmX41-28
Oct 2 - at Green Bay 7:25 pmX42-10
Oct 12 - vs. Detroit NoonX17-3
Oct 19 - at. Buffalo NoonX17-16
Oct 26 - at Tampa Bay NoonX19-13 ot
Nov 2 - vs. Washington NoonX29-26
Nov 9 - Bye
Nov 16 - at Chicago NoonX21-13
Nov. 23 - vs. Green Bay NoonX24-21
Nov. 30 - vs. Carolina NoonX31-13
Dec 7 - vs. NY Jets NoonX30-24 ot
Dec 14 - at Detroit 3:25 pmX16-14
Dec 21 - at Miami NoonX37-35
Dec 28 - vs. Chicago NoonX13-9

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