Friday, June 22, 2007
Good grief! Another billion dollar stadium
The price tag of a new Minnesota Vikings stadium is expected to flirt with $1 billion by 2009. The projected cost of a stadium with a retractable roof on the site of the Metrodome is $954 million, based on 2008 costs for materials. But this week the Metropolitan Sports Facilities Commission, owners of the Metrodome and the Vikings' public partner in pursuit of a new stadium, said that stadium costs would rise by about $41 million if the Legislature approves a new stadium in 2009, rather than next year. That would bring the total cost to $995 million.
Meanwhile, the Vikings are movng ahead to acquire four blocks of land immediately to the west of the current Metrodome site, at a cost of $45 million. The plan is still to build a new stadium on the footprint of the current Metrodome and then redevelop the surrounding neighborhood as part of a comprehensive plan.