Thursday, May 12, 2011

Sparknotes version of the new Vikings Stadium


When I was high school, Sparknotes saved my English grade, so I figured why not help save if you don’ feel like reading the whole article, but also don’t want to feel left out when your coworkers and buddies are talking around the water cooler.

So I will present you with a Sparknoted version of the article by MIKE KASZUBA in todays Start Tribune.

-Going to be 1 billion dollar 65,000 seat stadium at the former Arden Hills ammunition plant that could include a retail/entertainment/training complex
-The stadium would open by June 2015, and include up to 150 private suites, according to the agreement. The team would have the authority to decide on the stadium's design, development and construction
-Ramsey County would buy 430 acres of the site from the U.S. Army, then sell 170 acres to Wilf.
-While the stadium would be publicly owned and be governed by a five-member stadium authority, the Vikings would operate and manage the facility and would own the 170 acres. The Vikings' plans call for ultimately creating a sprawling campus that would house corporate offices, a Main Street-style complex of restaurants, retail and residential areas, a cinema, a Vikings Hall of Fame, training facilities and a "Festival Plaza."
-Although the team is obligated to commit $407 million to the project, the agreement indicates that Wilf's own contribution could be significantly less than that. The $407 million would come not only from the team, but also the National Football League, the sale of private seat licenses and "other private revenues generated by the project."

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