Tuesday, February 22, 2011

Vikings Stadium

What is the latest news on a new Minnesota Vikings Stadium?
Where to begin? There are many issues right now with this stadium situation, where is it going to be? How much is it going to cost? Who is going to pay? Roof or no roof? These are all major concerns we are facing right now and have been facing for the last couple of years.

So, here are some updates on this new stadium deal, the latest location looks like Arden Hills, MN. Is this a good location? All I have to say is that it is a location, but this location needs a lot of work. This area where the stadium might be built was an old munitions site, which needs major clean up. In real estate, the first thing they teach you is location, location, location. Arden Hills, MN is not Minneapolis or St. Paul, but is off the beaten path. I believe this will make a huge positive impact on not just Arden Hills, but also surrounding cities such as Mounds View, New Brighton and Shoreview. I believe this new stadium location could hurt Minneapolis big time, no more Vikings in Downtown will destroy businesses especially restaurants and bars. I don't think people realize how much this location decision will impact this city and state.

If this stadium has a retractable roof it is estimated that it will cost around $900 million. Now this is a lot of money and can't be done without the support of the fans and the community. Is this an outragous price? Depends on who you talk to, this is probably the biggest concern about a new stadium. With this economic uncertainty and budget cuts across the board, this makes it even tougher. Zygi said he would help pay for 1/3 of a stadium with no roof, the State wants a roof so other events can be held there. Is Zygi willing to pay $300 million out of his own pocket? If so, where is the other $600 million coming from? This is the most likely scenario if this deal gets done, $300 - $500 million would come from public funding whether that is tax increases, government funding, gaming help, etc. The other $100 - $300 million would have to come from some sponsor of some sort. Will this get done? That is the question!

I am behind this stadium 100 %, I don't whine about where my tax dollars are going and I hope you don't either. Tax's are apart of the system we live in and I am pretty sure my tax dollars right now aren't going to things I want them to go towards, but I know that it's part of living in this state and country. I know it seems like it's ridiculous to build a new stadium in Minnesota because of the financial issues, but what would be the cost if the Vikings moved out of state? How many jobs, revenue from restaurants and bars would be lost? The Vikings are "OUR" team and we can not lose "OUR" team because they mean too much to this community and us fans.

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