Arden Hills (Amunition Plant) Official Choice Of Vikings New Stadium
The Vikings have sought a new stadium for several years and the quest became even more urgent after a December snowstorm collapsed the roof of the Vikings’ enclosed home field, the Metrodome.
Often mentioned as a candidate for relocation to another city, the Vikings will enter the final year of their lease next season. The new stadium project is expected to take three years to complete.
The new deal would offer an $884 million retractable-roof stadium on 260 acres about 10 miles from the Metrodome. The former Twin Cities Army Ammunitions Plant is Minnesota’s largest abandoned hazardous waste site.
In addition, the project would require $173 million in renovations such as parking and roads plus environmental clean-up.
The Vikings will commit $407 million to the $1.05 billion project, 39 percent of overall costs and 44 percent of stadium costs.
Ramsey County would cover its share of the project, $350 million, by boosting local sales taxes half a cent.
“Reaching an agreement with Ramsey County as our local partner is a major milestone in our efforts to finalize a long-term stadium solution,” Vikings owner and chairman Zygi Wilf said.
Tony Bennett, county commissioner, said the deal will “turn an environmental liability into an asset, return property to the tax rolls, put people to work and provide for much-needed transportation infrastructure upgrades.”
A stadium bill was introduced last month to state lawmakers, who are expected to foot the bill for up to $300 million of the project cost.
“With a local partner and a site locked in, we can now focus on working with legislators and the governor to pass a stadium bill that secures the long-term future of the Vikings in Minnesota, Vikings owner and president Mark Wilf said.
The announcement came one day after Minneapolis city officials pitched a new stadium plan to keep the team downtown and hours after Minnesota governor Mark Dayton said he could support either plan as long as it did not cost the state more than $300 million.
“While we certainly appreciate the proposal by the city of Minneapolis… we believe the Ramsey County site offers the most benefits to our fans, the team and the state and is the ideal site for a new stadium,” Zigi Wilf said.
MNVikingsBlog.com Analysis: This is what a lot of Minnesota Vikings fans have been dreaming of. The next step is for this bill to go to the legislature for approval. It’s going to be an up hill battle getting this passed but anything is possible. We finally have a partner for the Vikings and a solid plan. It’s all about crossing the t’s and dotting the i’s.