User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto
Horses
Soccer
Boxing/MMA
More
Betting Tools

 
Vikings adding $19M to stadium project

MINNEAPOLIS (AP) - The Minnesota Vikings are kicking in another $19.7 million for their new stadium to make sure it has the features they want.

Advertisement
Rising steel prices and refined cost estimates for the stadium's massive pivoting glass doors created a budget shortfall and left the Vikings with a choice: Scrap certain features to cut costs or increase their share of the project.

Steve Poppen, the Vikings' chief financial officer, said scaling back stadium design was ''never an option.'' The Minnesota Sports Facilities Authority, the board overseeing stadium construction, approved the increased spending Friday.

''Our goal has always been to have the best game day experience, for our fans and for all Minnesotans who come to visit this stadium,'' Poppen said.

The new stadium is due to open in 2016. The Vikings are playing outdoors at the University of Minnesota until then.

Combined with tapping a $26.4 million contingency fund and previous additions for larger video boards and more televisions and escalators, the Vikings have added $49 million to the project over the past year. Their contribution now stands at $525.6 million, a little more than half the $1.023 billion project, with taxpayers covering the rest.

Facilities authority chairwoman Michelle Kelm-Helgen said much of the cost increase was due to incomplete estimates on how much certain parts of the project would cost, like the elaborate glass doors at the stadium's west end, ductwork in the upper sections and an internal system that will deliver beer kegs to concession stands throughout the stadium.

Kelm-Helgen said she's confident the board won't face any more budget gaps.

The Vikings and the stadium authority also announced that SMG has signed a 10-year deal to market and operate the stadium. SMG already runs NFL stadiums in Chicago, New Orleans, Houston and Jacksonville, and its facilities have hosted nine Super Bowls. Minneapolis is due to host the 2018 Super Bowl.

Vikings spokesman Lester Bagley said that experience and attracting other events were big factors in choosing the company over competitors AEG, which runs the Target Center, and Global Spectrum.

The board also established a rent of $20,000 per game for a Major League Soccer franchise to use the stadium. The league has been eyeing Minneapolis and several other markets for possible expansion, and the Vikings hope to own such a team. The rental rate, set after working with consultants, was seen as offering some cost certainty for the market.

''We think we're one step closer to having an MLS franchise in this building,'' Bagley said.

An MLS spokesman said the league wouldn't comment on the rent price, but said they've had many talks about starting a team in Minneapolis.

''There is no doubt that the Twin Cities have some of the most passionate soccer fans in the country, and we will continue to monitor the market,'' spokesman Dan Courtemanche wrote in an email.

Copyright 2016 by STATS LLC and Associated Press.
Any commercial use or distribution without the express written
consent of STATS LLC and Associated Press is strictly prohibited.

  
HEADLINES
Marshall: Tech Trends - Week 14
Sportsbook.ag: AFC West heats up TNF
BetOnline.ag: Browns facing NFL infamy
Nelson: Close Calls - Week 13
Roberts: Seahawks sink sports books
DiNitto: Opening Line Report - Week 14
News: 2016 Win Total Update
Dobish: Betting Recap - Week 13
Lawrence: Trends To Watch - December
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NFL Pro Football Handicapper Sports Picks Records
NFL Hot Streaks
11-5 L4 Sundays, +1,340 TY
3-0 Sunday, 7-2 Guarantees TY
7-0 L2 Thurs., 16-6 L22 Totals
3-1 Sun., 11-4 G-Plays, 10-4 Totals
3-0 Week 13, 10-5 L15 G-Plays
20-8 L28 Totals, 26-13 L7 Sundays
11-4 L15 G-Plays, 30-16 L9 Sun.
4 Guaranteed Wins in a Row
12-5 L17 Totals, 27-15 L42 Picks
6-3 Last 9 NFL Selections
10-4 Record Last 4 Sundays
6-3 L9 Picks, 10-4 Totals TY
2-0 Mon., 5-2 L2 Thurs., 13-7 Run
NFL Pro Football Expert Sports Picks - Oakland Raiders at Kansas City Chiefs
2016 NFL SEASON PICK RECORDS
Money Leaders
Handicapper Money
Don Anthony + 1340
The Gold Sheet + 1189
Scott Pritchard + 385
Last Week's Leaders
Handicapper Money
Antony Dinero + 542
Andy Iskoe + 300
Scott Pritchard + 300
Percentage Leaders
Handicapper Pct
Don Anthony 62 %
The Gold Sheet 58 %
Scott Pritchard 57 %
Guaranteed Leaders
Handicapper Money
Pat Hawkins + 706
Scott Pritchard + 670
Brian Edwards + 506
Over-Under Leaders
Handicapper Money
Joe Williams + 816
Antony Dinero + 781
Micah Roberts + 596
Member Leaders
Handicapper Money
Jimmy Boyd + 1095
The Gold Sheet + 867
Paul Bovi + 427
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership