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Refinement of Minn. Vikings stadium costs drags on

November 6, 2013
Associated Press

MINNEAPOLIS (AP) — An official involved in the Minnesota Vikings stadium project says a goal for getting key elements of the financing locked in this week won't be met.

Minnesota Sports Facilities Authority Chairwoman Michele Kelm-Helgen told The Associated Press on Wednesday that her staff, team representatives and the main contractor are still working to reach a "guaranteed maximum price" for construction work. The project is capped at $975 million, but not all of that goes into the actual structure.

The authority had hoped to reach a price deal this week so the Vikings could finalize loans on a $477 million private share. The state won't sell bonds for a $498 million public portion until the Vikings do that.

Officials were eyeing mid-November for groundbreaking to get the stadium built by July 2016.

 
 

 

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