Play Fantasy The Most Award Winning Fantasy game with real time scoring, top expert analysis, custom settings, and more. Play Now
Blog Entry

Report: Vikings reach preliminary stadium deal

Posted on: February 17, 2012 6:37 pm
 
The NFL wasn't going to allow the Vikings to play in a college stadium while a new stadium was built. (Getty Images)

By Ryan Wilson

In late January, there were discussions that NFL owners might nix the Vikings' new stadium deal, primarily because the logistical gymnastics involved the Vikes playing up to three years in a temporary venue while the stadium was built.

The possibility of $67 million in losses over that time made it a non-starter. Now, according to the StarTribune.com, it appears that the team, the state and the city have a preliminary stadium deal in place. Details via the StarTribune.com's Rochelle Olson and Mike Kaszuba:
Minneapolis, the state and the Minnesota Vikings have reached preliminary agreement on the division of costs for a $975 million stadium on a site at or near the 30-year-old Metrodome, according to multiple sources who spoke Friday on condition of anonymity.

The city would contribute $150 million in construction costs to the downtown Minneapolis project. The state would pay $398 million and the Vikings would pay $427 million. The city also would pay approximately $180 million in operating costs over the next 30 years, the sources said.
The sources added that all the details -- including cost overruns -- still need to be sorted, but there could be an announcement as soon as next week.

Vikings vice president Lester Bagley wouldn't comment on the report instead insisting that “There is no agreement. Everything is subject to negotiations. We’re working hard on an agreement, but we’re not there yet.”

While a preliminary agreement is progress, the proposal would need to pass the Legislature, possibly the Minneapolis City Council, as well as the NFL. Put differently: it's a start but there's still a long way to go.

For more NFL news, rumors and analysis, follow @EyeOnNFL on Twitter, subscribe to our NFL newsletter, and while you're at it, add our RSS Feed
Comments

Since: Jun 20, 2010
Posted on: February 20, 2012 9:01 am
 

Report: Vikings reach preliminary stadium deal

and honestly canescountry52 i'm sick of people like you who have no idea what the loss of revenue would do for the local economy, this deal should have been done months ago but stupid people like you get in the way.



Since: Dec 14, 2011
Posted on: February 18, 2012 3:20 pm
 

Report: Vikings reach preliminary stadium deal

Sports franchises need to pay for their factories on their dime like any other business.  Must be nice for me to tell you how important I am to you and you need to fork over a tiny bit of money to me every little time you pay a bill or buy something. 




Since: Sep 16, 2006
Posted on: February 18, 2012 3:08 pm
 

Report: Vikings reach preliminary stadium deal

Ask Seattle the cost of losing a sports franchise, Seattle is now going to build an arena in hopes that they can get another team back in Seattle. The loss of revenue from the loss of the Sonics was so large that now Seattle sees that it was not worth it to lose a team over a stadium or arena deal. Then look at what the city of San Antonio said about the few games that the Saints played there, they had a huge increase in tax revenues, enough that they want an NFL team so bad they are willing to forego any charge for rent of the stadium. Yeah Minn needs to step up and do the deal.



Since: Feb 18, 2012
Posted on: February 18, 2012 3:07 pm
 

Report: Vikings reach preliminary stadium deal

IMO it would be a shame if Minnesota would loose the Vikings, I hope this deal is solid and the Vikings get what they need to stay in Minnesota.



Since: Sep 19, 2011
Posted on: February 18, 2012 12:57 pm
 

Report: Vikings reach preliminary stadium deal

I am sick and tired of pro sports teams getting deals. Why should the public have to pay a dime for a business to get going? Especially a multi billion dollar operation? I am a contractor and would love for the city to pay for my new building and get me going, I am creating jobs for people too? Build your own stadium, pay your own operating expenses, pay your own taxes, and you can have your stadium anywhere you want. It's a classic case of rich getting breaks and everyone else pay the bill. Minnesota already has one of the highest tax rates in the country, but thats ok it's government stuff so who cares about the public working people, just tax em more. I am a huge vikings fan but, unforunatly I can't afford to bring the family to games anymore cause it costs too much now days. $6 for a hotdog, $9 for a beer, $7 for nachos, $6 for a bag of peanuts, I mean come on folks, A family of four costs about $500-$600 just to go to a game and thats not having a few beers durring the game in half way decent seats? Let em go to L.A. if we have to pay for their stuff.
    
Does anyone here think that an athlete should make 15, 20, 30 million a year? most of em are hood rats that can't spell their own name, and we're paying teachers $30,000 a year, nurses $50,000, can't get school funding anymore, schools are closing. We need to stop going to games let teams go bankrupt and let players, coaches, owners, and whoever else is involved know that they just are not that important. Play for the love of the game like back in the day, not to have one good year sing a new $50,000,000 deal and suck the rest of your life. VOTE NO TO A NEW STADIUM DEAL!!! Find American Values Again.
Won't the Viking have to pay rent for the lease they will sign to have a new stadium, for a example this minor league baseball team is charge about $135,000 in rent for 10 years. Since the NFL stadium cost more then the team would have to pay more in rent, I would not be surprise if the city get a cut on everything the teams sells.

I do agree that some athlete's make too much money, but it's funny that you think that there was a time in NFL history that a player was not paid a salary. For example the Cubs was paying Al Spalding in 1876 $ 3,500 a year, so there always been a salary for professional athlete's

It should be interesting how many will vote no on a new stadium deal, I would not be surprise if the Viking end up in LA



Since: Jan 19, 2009
Posted on: February 18, 2012 11:03 am
 

Report: Vikings reach preliminary stadium deal

I am sick and tired of pro sports teams getting deals. Why should the public have to pay a dime for a business to get going? Especially a multi billion dollar operation? I am a contractor and would love for the city to pay for my new building and get me going, I am creating jobs for people too? Build your own stadium, pay your own operating expenses, pay your own taxes, and you can have your stadium anywhere you want. It's a classic case of rich getting breaks and everyone else pay the bill. Minnesota already has one of the highest tax rates in the country, but thats ok it's government stuff so who cares about the public working people, just tax em more. I am a huge vikings fan but, unforunatly I can't afford to bring the family to games anymore cause it costs too much now days. $6 for a hotdog, $9 for a beer, $7 for nachos, $6 for a bag of peanuts, I mean come on folks, A family of four costs about $500-$600 just to go to a game and thats not having a few beers durring the game in half way decent seats? Let em go to L.A. if we have to pay for their stuff.
     Does anyone here think that an athlete should make 15, 20, 30 million a year? most of em are hood rats that can't spell their own name, and we're paying teachers $30,000 a year, nurses $50,000, can't get school funding anymore, schools are closing. We need to stop going to games let teams go bankrupt and let players, coaches, owners, and whoever else is involved know that they just are not that important. Play for the love of the game like back in the day, not to have one good year sing a new $50,000,000 deal and suck the rest of your life. VOTE NO TO A NEW STADIUM DEAL!!! Find American Values Again.


yinklinking
Since: Feb 17, 2012
Posted on: February 18, 2012 9:03 am
This comment has been removed.

Post Deleted by Administrator




Since: Mar 19, 2008
Posted on: February 18, 2012 8:58 am
 

Report: Vikings reach preliminary stadium deal

 ... FYI, the state, county and city collect 21 million dollars a year on game day taxes alone (sitate income taxes and sales taxes on food, beverage, hotel and car rental, etc.), not to mention the income taxes collected collected from the thousands of people who are employed because of the Vikings, either directly or indirectly.  Over the life of a stadium that money AND the interest incurred in borrowing it will be recouped and then some, so the idea of money actually coming out of the taxpayers pocket to pay for a new stadium doesn't fly.



Since: Sep 2, 2006
Posted on: February 18, 2012 8:20 am
 

Report: Vikings reach preliminary stadium deal

No warm weather team could possibly prepare for  the cold? LMAO. Yeah, it never gets cold in Chicago, Detroit or Green Bay! What a moron! Stadiums now adays are all about max revenue. An indoor stadium or one with a retractable roof is the ONLY way to go. The stadium could be used year round for concerts and other revenue streams. And for the idiot that said a stadium does not help with his economy; get a clue, dude!



Since: Aug 4, 2008
Posted on: February 18, 2012 8:16 am
 

Report: Vikings reach preliminary stadium deal

Not final yet, I would still not be surprised if they cannot get it by the state legislature.  If they do, hopefully it is at least with a retractable roof and they will at least maybe have some  open air games based on weather conditions... though I would personally love it if it was always good old open air football.    To justify the costs however, it has to have a roof.  With a roof, they will get a Superbowl and NCAA Final Four, among other main events... and that way, the stadium, like the Metrodome currently, will be used year round for multiple state group events.


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com