An alert reader sent us this e-mail, which he received from Wolves owner Glen Taylor today in the wake of the Minneapolis stadium press conference:

Dear [Name Redacted],
If you haven't heard already, I have very exciting news to share. A short time ago, top city, business, and labor leaders announced a groundbreaking plan to renovate Target Center and build a Vikings stadium, all for less than the cost of the alternative Vikings stadium site in Arden Hills.
As I've said from the beginning, I would love to have a brand new replacement facility for the Timberwolves. But I recognize that in these difficult times, we need a sensible Minnesota solution for Target Center - renovation at one-third the cost of replacement.
That logic is prevailing with Minnesota leaders. Today, Minneapolis Mayor R.T. Rybak, Minneapolis City Council President Barb Johnson, labor leaders and business leaders stepped up to present a reasonable plan to solve the Vikings issue and rejuvenate the 21-year-old Target Center.
With a proven location and strong surrounding infrastructure, Target Center is one of the busiest buildings in the nation. Investing in keeping the aging structure viable will ensure that one of Minnesota's premier economic development magnets continues to attract regional visitors and create jobs for decades to come.
As a Target Center tenant who hosts about one-fourth of the events held in the City-owned facility, the Timberwolves are truly excited about the renovation plans, and will be helping to pay for our fair share. Our architectural and financial analysis over the last several months has shown us that we can make Target Center nearly as good as new for about one-third the cost of replacement.
What will renovation mean for fans? We'll have more seating options and cutting edge fan amenities. From the stunning new deck overlooking Target Field to the inviting community spaces where fans can enjoy first-class food and drink while watching a game or a concert, the new Target Center will provide an awesome fan experience. (See a glimpse of the future at www.targetcenterrenovation.org/gallery.php).
I will let you review the details of the proposal in the news coverage, but I wanted to make sure you heard from me personally as well. Our community, business and labor leaders deserve a lot of credit for proposing this sensible solution.

Your thoughts on the overall proposal, or just the Target Center portion of things?