"Based on extensive research, the commission believes that the Metrodome is far from obsolete and can serve its tenants and the public well for many years to come," says Kathryn Roberts, chair of the MSFC. She argues that a renovated Metrodome would substantially increase revenue streams for the Minnesota Vikings and University of Minnesota, whose Minnesota Gophers football teams plays in the dome, through clubs and other premium seating opportunities, special sponsorship areas, increased advertising, and enhanced suites. The renovation would take three years but would not relocate Vikings or Gopher football games (the Minnesota Twins and Gopher baseball and softball teams would play elsewhere, however).
But the Minnesota Vikings insist that it's not possible to meet their needs by remodeling the Metrodome, and are promoting plans to have a new stadium built, possibly in conjunction with the Minnesota Gophers. Vikings executives said that the team studied the possibility of renovating the Metrodome for more than a year, and determined that with fixed walls and a fixed ceiling, there is not much that can be done. The Vikings argue that they have ruled out a renovated Metrodome due to costs, disruption, and lower-than-desired capability of producing revenues for the team.
The MSFC, which manages the Metrodome, argues that it has a unique role in the stadium discussion because it has been charged by the state legislature to manage stadium assets in Minnesota and has the responsibility to balance the public interest with the multitude of private interests. The commission proposes to increase seating capacity from 64,121 to 69,000, expand concourses, concession areas and restrooms, add club facilities with a separate concourse with 8,900 seats and increase luxury suites from 115 to 155. Renovation could begin in early 2002, the commission says.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.