The disagreement over 2 large signs had threatened the $400M project near the new stadium.
A dispute over rooftop signs that threatened to derail a $400 million development next to the new Vikings stadium was resolved Saturday when the football team agreed to the placement of giant business logos atop two planned office towers.
Ending weeks of sometimes edgy discussions, the Vikings withdrew their opposition to plans by Wells Fargo to place two 56-foot-square signs that would prominently feature the company logo on the two towers. The bank is expected to also own the buildings.
The Vikings had fiercely opposed the signs, saying the bright logos, which would be visible during televised aerial shots of the stadium, could undercut efforts to sell naming rights on the $1 billion, multipurpose venue, which will replace the Metrodome.
“We wanted to get this resolved and wanted to move this project forward,” Vikings vice president Lester Bagley said Saturday. “We’re not going to object to limited signage on the roof in order to get on with the project.”
In order for the rooftop signs to go up, the project developer, Ryan Cos., needs a change in the Minneapolis city ordinance prohibiting such signs, an issue that is expected to be addressed by the city planning commission and the city council in future meetings.
‘A giant step’
“For Wells Fargo, this agreement is really a giant step forward on our path for this project,” said Peggy Gunn, a company spokeswoman. “But the really important step is the City Council action this week.”
The development, which includes plans for apartments, retail shops, a parking ramp and a park, would be the largest Minneapolis office development in more than two decades — 1.1 million square feet. It would be built on land now owned by the Star Tribune on the east end of downtown.
Gunn said last week following a City Hall meeting on the development that given Wells Fargo’s sizable investment in the towers, “we think it’s reasonable that some signs reflecting this investment be allowed.”
At the time, she said that the company had a contingency allowing it to withdraw from the project. “It’s an important issue for Wells Fargo that has to be resolved before they’ll make a financial commitment to moving forward,” said Ryan Cos. vice president Rick Collins.
Bagley said Saturday that the Vikings are “very excited by the Ryan proposal and what it brings.’’
“We took the high road and got this done,’’ he said. “It was an open issue and we were able to close it out and move forward.”
The Vikings have had “multiple conversations” with companies about stadium naming rights, but as of Saturday, “nothing is imminent,” Bagley added.
“There’s 16 Fortune 500 companies in Minnesota and we know that one of them will have their name on it,” Bagley said.
“Now that we know where the signage will be located,” he added,” we can more actively discuss naming opportunities with potential corporate partners.”
The tentative pact between the Vikings and Wells Fargo comes just days after the team and the Minnesota Sports Facilities Authority, which is overseeing stadium construction, broke ground on the 1.7 million-square-foot venue.
|LA Lakers||50||3rd Qtr|
|Sacramento||61||2nd Qtr 2:36|
|Houston||31||2nd Qtr 12:00|
|Nashville||1||2nd Prd 14:02|
|Calgary||2||2nd Prd 15:02|
|Washington||3||2nd Prd 15:27|
|Buffalo||0||1st Prd 4:33|
|Toronto||0||1st Prd 5:20|
|Ottawa||0||1st Prd 19:32|
|NY Islanders||7:30 PM|
|Los Angeles||8:30 PM|
|San Jose||9:00 PM|
|Ole Miss||36||2nd Half 16:55|
|Eastern Mich||35||2nd Half 18:45|
|Kent State||41||2nd Half|
|Ohio||32||2nd Half 19:10|
|Georgetown||34||2nd Half 16:31|
|Toledo||44||2nd Half 17:18|
|Rhode Island||28||2nd Half|
|Youngstown St||37||2nd Half 19:15|
|North Carolina||47||2nd Half 14:56|
|Akron||28||2nd Half 17:52|
|Army||28||2nd Half 18:52|
|Maryland||36||2nd Half 17:32|
|Kennesaw St||17||2nd Half|
|Fla Gulf Coast||38|
|Lipscomb||37||2nd Half 20:00|
|Stetson||22||1st Half 5:02|
|Wright State||0||1st Half 18:50|
|Western Mich||0||1st Half 18:27|
|Nebraska Omaha||6||1st Half 18:14|
|Houston Baptist||7:00 PM|
|NC State||8:00 PM|
|Texas A&M||8:00 PM|
|West Virginia||8:00 PM|
|NJIT||23||2nd Half 20:00|
|West Virginia||0||1st Half 20:00|
|TCU||4||1st Half 16:29|
|Fresno State||8:00 PM|
|San Jose St||8:00 PM|
|San Diego State|
|Aug 8 - vs. Oakland||7 pm||X||10-6|
|Aug 16 - vs. Arizona||7:30 pm||X||30-28|
|Aug 23 - at Kansas City||7 pm||X||30-12|
|Aug 28 - at Tennessee||7 pm||X||19-3|
|2014 regular season|
|Sep 7 - at St. Louis||Noon||X||34-6|
|Sep 14 - vs. New England||Noon||X||30-7|
|Sep 21 - at New Orleans||Noon||X||20-9|
|Sep 28 - vs. Atlanta||3:25 pm||X||41-28|
|Oct 2 - at Green Bay||7:25 pm||X||42-10|
|Oct 12 - vs. Detroit||Noon||X||17-3|
|Oct 19 - at. Buffalo||Noon||X||17-16|
|Oct 26 - at Tampa Bay||Noon||X||19-13 ot|
|Nov 2 - vs. Washington||Noon||X||29-26|
|Nov 9 - Bye|
|Nov 16 - at Chicago||Noon||X||21-13|
|Nov. 23 - vs. Green Bay||Noon||X||24-21|
|Nov. 30 - vs. Carolina||Noon||X||31-13|
|Dec 7 - vs. NY Jets||Noon||X||30-24 ot|
|Dec 14 - at Detroit||3:25 pm||X||16-14|
|Dec 21 - at Miami||Noon||X||37-35|
|Dec 28 - vs. Chicago||Noon||X||13-9|
Poll: With Adrian Peterson's suspension overturned, what should the Vikings do?