Who paid for the Vikings new Stadium?

On March 1, 2012 the Vikings were successful as Minnesota Governor Mark Dayton announced that a new stadium would be built on the site of the Metrodome. Built at a cost of $1.1 billion, the stadium financed by the Vikings, the City of Minneapolis and the State of Minnesota.

Do the Vikings own U.S. Bank Stadium?

U.S. Bank Stadium is owned by the Minnesota Sports Facilities Authority (MSFA), a public body and political subdivision of the State of Minnesota.

How much did US bank pay the Minnesota Vikings for naming rights to the Stadium?

$220 million
When leaders finally approved a new Vikings stadium package, Davis jumped. The bank committed $220 million to name the facility U.S. Bank Stadium, according to a Sports Business Daily report.

Why is U.S. Bank Stadium under construction?

Ongoing construction on the building includes replacing 35,000 zinc panels. Workers making repairs to the stadium in early June. If it seems like U.S. Bank Stadium has been under construction since before it opened, that’s because it more or less has been.

How did Minnesota pay for U.S. Bank Stadium?

After undergoing a 15- year political dissension with the citizens of Minnesota and their legislature, the Vikings were finally granted their wish in 2012 with a commitment of $498 million in public subsidies to help pay for the $1.1 billion U.S. Bank Stadium.

Who owns U.S. Bank Stadium Minneapolis?

Minnesota Sports Facilities AuthorityU.S. Bank Stadium / Owner

How was the Vikings stadium funded?

When the $1.1 billion stadium was authorized in 2012, the state sold 30-year bonds to pay for construction.

How much did US bank pay for U.S. Bank Stadium?

GAIN ACCESS TO EVERY LOCAL INSIGHT, LEAD AND MORE! EARLIER: U.S. Bank is paying $220 million over 25 years for naming rights to the new Minnesota Vikings stadium set to open next summer. The stadium will be called U.S. Bank Stadium.

How much does US bank pay for naming rights?

MINNEAPOLIS — U.S. Bank will be announced the naming-rights partner for the Vikings’ new stadium on a 25-year, $220 million deal, the Sports Business Journal reported Monday.

How much did taxpayers pay for U.S. Bank Stadium?

As of March 2015, the overall budget was estimated to be $1.061 billion, with $348 million from the state of Minnesota, $150 million from the city of Minneapolis, and $551 million from the team and private contributions….U.S. Bank Stadium.

Record attendance 72,711 (2019 NCAA Men’s Final Four)

Who built SoFi Stadium?

Who is the architect behind SoFi, the NFL’s first indoor-outdoor stadium? SoFi comes courtesy of a team of more than eight dozen architects and designers led by Lance Evans of HKS, a global architectural firm with offices in Los Angeles.

When did the Minnesota Vikings agree to build an outdoor stadium?

Minneapolis. Retrieved December 17, 2010. On December 26, 2010 the Zigi Wilf the Vikings owner agreed to accept an outdoor stadium. ^ Duchschere, Kevin (May 5, 2011).

How much does it cost to build a new Vikings stadium?

The new stadium is to be built in the place of Metrodome, in downtown Minneapolis. Replacement should take from October 2013 to 2016, when American football team Vikings should be ready to move back inside. The project’s estimated worth is $975 million.

How much is the naming rights to Vikings stadium worth?

On June 15, 2015, the Vikings announced that U.S. Bank had acquired the naming rights to the stadium. The naming deal is worth $220 million over 25 years.

What is the seating capacity of the Minnesota Vikings stadium?

The seating capacity is 66,860 for most games, slightly more than the Metrodome, and can be expanded to 73,000 for soccer, concerts, and special events, such as the Super Bowl. The Vikings’ lease with the Metropolitan Sports Facilities Commission (MSFC), as signed by both parties in August 1979, kept them in the Metrodome until 2011.