Ramsey County ((MN)) announced a partnership with the Minnesota Vikings for a new stadium in the town of Arden Hills.
The agreement calls for an $884 million stadium and an additional $173 million for on-site infrastructure, parking and environmental costs, bringing the total project costs to US$1.057 billion.
The Vikings will commit $407 million to the project - 44 percent of the stadium costs and 39 percent of the overall costs. The state of Minnesota would commit $300 million. The county's $350 million share would be financed with a half-cent sales tax increase.
Plans call for a retractable-roof, multi-purpose stadium, with seating for 65,000. According to a county press release, seating could be expanded to 72,000 for other events, such as a Super Bowl.
The site would also have an estimated 21,000 parking spaces.
Here's Zygi Wilf before the official announcement...
((HT: MyFoxTwinCities))
Zygi Wilf: ‘We Are at Halftime’ on New Vikings Stadium: MyFoxTWINCITIES.com
Now, let's see how long it takes for it to be built... and if it will fit on the site and in the county proper...
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