The Vikings and the NFL would deposit $151.5 million into an interest-bearing account that would secure the bonds. The Vikings' share would be $100 million, theNFL's would be $51.5 million. The Vikings and the university would help raise $17.5 million in additional donations to deposit into the account, along with a projected $26 million from the sale of the Metrodome by 2008.
The stadium would be located near Williams and Mariucci sports arenas on the University's East Bank campus. The stadium was designed to be compatible withthe surrounding University environment, using brick, glass and other design elements that recall a classic collegiate football atmosphere.
As designed Ellerbe Becket Architects, the new stadium has a capacity of 68,500 and can be customized to 50,000 for college game days whenever appropriate.
Ultimately, capacity can be increased to 72,000 to better accommodate major national and international events, such as a Super Bowl.
Tom Proebstle of Ellerbe Becket is the lead architect on the project.
Vikings officials have met with state legislators to stress the urgency of getting the framework for a financing plan passed this session, so the state can take advantage of money on the table from the team and the NFL.
They are urging that such a provision be inserted into the Twins bill to accomplish that end.
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