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Vikings Could Lose Out in Stadium Struggle

ST. PAUL, MN-The Vikings say they need lawmakers to approve a financing framework for their plan to build a $440-million domed facility that would include the University of Minnesota Gophers football team as a tenant.

By Jim McCartney | Updated on April 16, 2002

ST. PAUL, MN-The struggle between the Twins and lawmakers in the state capital appears to dampen hopes the Minnesota Vikings will have their stadium issues addressed this session. The Vikings unveiled a new financing plan recently that would have the state issue bonds to help finance a $440-million domed facility that would include theUniversity of Minnesota football team as a tenant.

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.

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