ST. PAUL, Minn. (CelebrityAccess) — Allianz Life Insurance Co. of North America has secured the naming rights to the new $200 million Major League Soccer currently under construction in St. Paul.
To be named Allianz Field, the new stadium, which is being privately paid for by a partnership composed of Minnesota-based families and business leaders, is the first stadium in Minnesota without a direct public subsidy.
When its complete, the nearly 24,474-capacity Allianz Field will become the seventh venue around the world to bear the Allianz name and serve as a home for Minnesota United Football Club. The new stadium will feature state of the art sound and lights, as well as four hospitality clubs and 22 suites. It will have a translucent PTFE laminate mesh skin and features LED lighting technology similar to Allianz Arena in Munich, which allows the stadium to change colors for different events.
The new stadium is designed by Kansas City-based architecture firm Populous, and will be built by Minneapolis-based Mortenson Construction. The club’s ownership group is financing the estimated $200 million stadium and will give it to the city of St. Paul once construction is completed, according to the team.
The financial terms of the naming rights deal were not disclosed.