MINNEAPOLIS, MN The Minnesota Sports Facilities Authority (MSFA) Board has approved additional spending by the Vikings, bolstering the planned budget for the new stadium currently under construction for the Minnesota Vikings.
The Vikings have increased its contribution to the new stadium by $49 million dollars, which brings its total contribution to $526 million dollars. The public contribution remains at $498 million dollars. The total budget for the new stadium is now $1.023 billion dollars.
Some of the original designs that were considered for the stadium were priced above the allotted budget. The additional funding from the Vikings will ensure that those items are included in the building process, such as the operable doors, escalators, acoustical treatments, and freight elevators.
The MFSA also announced that venue management firm SMG has been tapped for a 10-year contract to provide stadium marketing and management services for the new stadium. Additional terms of the agreement were not disclosed.
“SMG facilities have hosted 9 Super Bowls over the years. Their experience will be a fantastic asset as we prepare for Super Bowl Lll in 2018, and other large-scale events that we are competing to host,” added KelmHelgen. ”SMG represents a number of public agencies like ours and has a proven track record of fiscal success which will help take advantage of this new venue,” MSFA chairwoman Michele Kelm-Helgen said in a statement. – Staff Writers
