The Minnesota Vikings have increased their stadium contribution by $49 million since last fall, including a $20 million cash infusion that covers a funding gap in construction of the $1 billion project on the former Metrodome site.
The Minnesota Sports Facilities Authority (MSFA) unanimously approved the budget changes Friday after lavishly praising the Vikings for upping their portion of the tab for the downtown Minneapolis stadium.
The budget change wasn't entirely unexpected, because the MSFA initially was working with preliminary designs. Now all the planning flourishes are final. They include air ducts on the uppermost levels and beverage conduits to keep the beer pipeline fresh and flowing.
"Our goal has always been to have the best gameday experience," Vikings Chief Financial Officer Steve Poppen told MSFA members before the vote. He added that Vikings owners Mark and Zygi Wilf insist that "what was unveiled in 2013 is what opens in 2016."
The Wilfs tapped a contingency fund of $26 million. The $49 million also includes a previously announced $2.5 million for bigger videos, TV walls and escalators. The remaining $19 million is Wilf cash, bringing the project's total budget to $1.023 billion and the team's share to $526 million.
The taxpayer contribution is unchanged, with the state paying $348 million and the city of Minneapolis $150 million.
MSFA Chair Michele Kelm-Helgen and others called the contribution boost a solid step forward for the massive project started last winter. The new stadium is expected to open for the 2016 NFL season.
Just as the exterior is taking shape, so is the operational aspect. After months of closed-door negotiations with three suitors, Philadelphia-based SMG was named as the operator of the new stadium. The others in contention were Global Spectrum and AEG, which manages Target Center. The high-level competition for the contract illustrates the quality of the facility, Kelm-Helgen said.