Kevin Warren is the chief operating officer for the Vikings. The team offered another preview of its upcoming practice complex on Wednesday, apparently, and Warren gave several quotes to Sid Hartman, including this:
"As far as the overall development, it will be a major investment … The Wilfs have decided to put their own personal money in to make sure they bring an iconic venue to Eagan and the Twin Cities."
To cite the Church Lady: "Well, isn't that special."
Zygi Wilf and relatives have been presented with a stadium costing $1.13 billion. Public funds were used for $498 million, seat licenses put $100 million in the coffers, U.S. Bank will come up with $220 million for 25 years of naming rights, and the NFL is throwing in $150 million (as grants, not a loan).
That takes care of $968 million, and we won't talk about the other sponsorship giveaways the Vikings were handed inside and outside of the stadium.
At maximum, you can give the Wilfs credit for reaching into the team's coffers for $162 million for the cost of the stadium — or 14 percent of the tab for the football shrine that now has their franchise value estimated at $2.2 billion.
Part of the bonus for the enormous public investment was a strong hint from the NFL that building such a stadium would allow the Twin Cities to host a Super Bowl. After spending hundreds of millions to do this, a local taxpayer not aware of the NFL's pathetic greed might have thought that was enough.
No chance. The NFL also demands an estimated $50 million to be raised for freebies for owners, sponsors and other entities. I mean, you can't expect a guy like Jerry Jones with a team valued at $4.2 billion to come to town and slap down a credit card to cover the cost of hotel suites for his collection of hangers-on.