Vikings, Wilfs increase stadium contribution to $526 million

Like any construction project, the actual costs always exceed the budget.  When it comes to the Vikings’ new stadium, however, the public contributions won’t be increasing.

Which means that certain bells and/or whistles will have to be dumped — or that someone else will come up with the cash.

So far, the Vikings and the family that owns the franchise have kicked more money into the project.  The team has announced that the private contribution have increased to nearly $526 million, up from the original $477 million.  Added to the hard-capped $498 million from state and local sources, the stadium has now crossed the $1 billion threshold.

“The Vikings have made a significant contribution to the stadium budget, which allows us to maintain the original design to ensure the stadium is the most iconic, world-class stadium in the country and perhaps the world,” Minnesota Sports Facilities Association chairperson Michele Kelm-Helgen said in a press release.  “The team stepping up to make this contribution was instrumental in helping to solve our budget gap.”

“It is critical that the original stadium design unveiled in 2013 is delivered to the public when the new stadium opens in 2016,” Vikings Owner/President Mark Wilf said. “Our goal is to provide the best game day experience possible for our fans and for everyone in Minnesota who uses the stadium. We strongly believed eliminating significant items that contribute to that fan experience was not an option.”

As the construction proceeds, it’s possible that other unforeseen expenses and increases will emerge.  It appears that, if/when this happens, the private contributions once again will increase.

58 responses to “Vikings, Wilfs increase stadium contribution to $526 million

  1. Don’t you mean that the vike fans, through the purchase of SBLs have kicked in another $46.1.

    Man, that’s a lot of money to watch your team never win the super bowl….

  2. TCF Bank Stadium is already light years ahead of the Metrodome in terms of fan experience. I can’t imagine how much greater the new stadium will be. Viking fans deserve this because of the years they spent in the previous dump.

  3. You can put a dress and lipstick on a pig but underneath its still the Vikings and they will continue their Dynasty of Futilty!

    Tick, Tock,….just a few more weeks until you become irrelevant.

  4. “Private contributions” needs to be more clearly defined. After the NFL’ stadium fund contribution (about $200MM), PSL’s (ST holder funded), and the still undetermined naming rights, how much of this is actually coming from the Wilf’s? I get that it isn’t public funding, but most of it ain’t coming from Zigi either…

  5. “The Vikings have made a significant contribution to the stadium budget, which allows us to maintain the original design to ensure the stadium is the most iconic, world-class stadium in the country and perhaps the world.”

    Holy hyperbole, Batman!

  6. After the canvas tent covering their former stadium fell to earth at least five times, the Vikings have opted to build a billion+ dollar stadium complete with a glass roof.

    (“Self-cleaning glass” of course – only the best will do).

    So that’s that – no more canvas tent covering … what could possibly go wrong with a new glass roof??

  7. The best owners in the NFL.

    Zygi Wilf is a class act man, who every owner should look up to as an example of pure class.

    (Petition for Zygi Wilf to be NFL Commish)

  8. Look! Its a bird, no its a plane, oh wait that’s just Teddy droppin one for 60 in CP’s hands. Vikings will be in prime form to represent the NFC in the 2016 super bowl.

  9. nawlinssaints1956 says:
    Aug 22, 2014 12:09 PM

    “Private contributions” needs to be more clearly defined.
    ———————————————-
    Why?

  10. “Private contributions” needs to be more clearly defined.
    ———————————————-
    Why?’
    ———————————————-

    Because the Wilf’s PR machine makes it seem like they, personally, are footing the bill for their half of the stadium, when in fact those monies are coming from:

    – “loans” from the NFL
    – advances derived from fans paying Stadium Builder Licenses (SBLs) when they buy their season tickets
    – selling the naming rights to the stadium

    In truth, Wilf’s/Vikings are putting almost none of their own money, except that which is derived directly from the stadium that they wouldn’t have if not for Minnesota Taxpayers.

    Nawlins makes a fair point, but I guess nobody cares.

  11. What world do you people live in? Zygi Wilf is a businessman and he’s going to make the best deal he can get. But he didn’t. The best deal would be to move the team to LA, not pay a cent for the stadium, and reap all of the benefits. Instead, he’s spending $526 million to keep the team in Minnesota, where the value of the franchise is lower, and people are complaining that the public is paying for part of it and he isn’t hurting himself enough to pay for the rest of it. The state benefits from having the Vikings and the stadium here, both financially and from a quality of life standpoint. After 54 years, it’s about time the state put a little money into the team. The money from the naming rights and the SBLs is Wilf’s money. Who else should get it? You? This is the cost of doing business if you want an NFL team in your city, and I think it was a pretty good deal compared to the alternative.

  12. floratiotime says: Aug 22, 2014 12:55 PM

    Public contribution should be zero.
    —————————————————–

    If the public contribution was zero the Wilfs would have moved the team. I am fine with it just the way it is.

  13. After being convicted for business fraud, there isn’t a lot you can teach the Wilf’s about fleecing their business partners or in the case of this new stadium, the Viking fans.

    Until the pricing of the PSL’s are firmly established, it matters little to the Wilf family was the cost overruns are, simple math will tell you that they will take the total cost overruns, divide it by the # of PSL’s and then send out the invoices.

    Of course the Viking fans are getting screwed in the deal but how much different it that compared to the last few seasons where the Vikings rolled out their 53 man roster and trying passing it off as a real NFL team?

  14. They should have just moved to LA where they belong. They don’t deserve a new Stadium when they’ve never won a Super Bowl.

  15. f1restarter says:
    Aug 22, 2014 12:09 PM
    On paper the Vikings may be owned by the Wilfs, but on the football field they’re owned by the Green Bay Packers.

    ——

    I am a Vikings fan, but even I have to admit that was clever…

    But the tides are turning… Say it with me. teddy. teddy. Teddy. Teddy. TEDDY. TEDDY. TEDDY!!! TEDDY!

  16. freeigwebuike says:
    Aug 22, 2014 12:46 PM
    “Private contributions” needs to be more clearly defined.
    ———————————————-
    Why?’
    ———————————————-

    Because the Wilf’s PR machine makes it seem like they, personally, are footing the bill for their half of the stadium, when in fact those monies are coming from:

    – “loans” from the NFL
    – advances derived from fans paying Stadium Builder Licenses (SBLs) when they buy their season tickets
    – selling the naming rights to the stadium

    In truth, Wilf’s/Vikings are putting almost none of their own money, except that which is derived directly from the stadium that they wouldn’t have if not for Minnesota Taxpayers.

    ——-

    So they are using money derived from the stadium to help pay for the stadium. OH THE HUMANITY! I mean, that almost sounds like a sound business plan.

    I mean, it isn’t like the state or city contributions are offset in any way by income, ticket, or luxury tax. Oh wait…..

    The fact is that they is a win for both the state and the Vikings. A deal doesn’t have to be 100% one sided for it to be a good deal. Get over it.

  17. arnoldziffel says:
    Aug 22, 2014 12:17 PM
    ….
    So that’s that – no more canvas tent covering … what could possibly go wrong with a new glass roof??

    ————————————————–

    The Vikes stadium roof isn’t glass.

  18. 1st. The stadium has to be completed.
    2nd. Bridgewater has to be the starting QB to actually PLAY in the future stadium (unless we talking Pre-season).
    3rd. When you find a LEGAL way to get out Goodell (thought he was your BFF?) let every1 know.

    #FarveforVikingsGM

  19. If PFFT wants more people to read their stories & comments, they might want to stop the constant trolling. It’s getting old & showing that some have no desire to discuss football, just antagonize. I’m coming back here less & less.

  20. It’s a good thing our grandparents grew up during the depression. If they had anything, they were willing to share it without a bunch pee whining. Not to mention all they asked for was an opportunity to support their families. Not like conservatives now. You’d swear every nickle the government spends came directly from their own pocket. Histories judgement on our current society will be decidedly dim. Go forth and exploit some minority, it’s all you know how to do with any exuberance besides whine.

  21. whatjusthapped says:
    Aug 22, 2014 1:33 PM
    there isn’t a lot you can teach the Wilf’s about fleecing their business partners or in the case of this new stadium, the Viking fans.
    —-
    sure you can, have them head over to Green Bay and learn about that ‘stock’ they sell to their fans.

  22. The Green Bay stock sale is but one of the reasons Packer fans deserve their designation as the best fans in the NFL. Mock it all you want, but Lambeau Field, the best venue in the league…is paid in full…in large part because of this direct contribution by the fans….the people that use it. Show me anything better. Anything. Even your hot air couldn’t keep the old roof from falling in. What’s your personal contribution this time? Urine troughs?

  23. I’m glad they get to keep the soft sides in the design. The new materials are going to be lighter than concrete and steel and should last the 30 to 40 years to pay it off.

    Unfortunately the 65K customer capacity is too small for tomorrow’s NFL.

    For all the wise guys about seat licenses, only those on the main level have to pay those. The upper deck will not have any license fees. Not many in the upper deck buy season tickets.

    The vikings opted for the reduce revenue percentage that goes with lower black out standard so some empty seats will not black out a game.

    The new stadium will boost the vikings into the top 30 NFL teams in revenue. Early estimates are at 24th or 25th in league revenue.

    The new stadium for the Twins made them more competitive so a new stadium should get the vikings to field a more competitive team.

  24. Packer trolls are jealous bc they’re dreaming of something like this to cheer for but nope will never happen. They’re in a little terrible city, terrible fans and terrible team.

  25. The packers have done a masterful job of creating one of the the biggest delusional fan bases in fleecing the public out of their hard earned money so they can say” I’m an owner” and get nothing in return other than a piece of paper to hang on the wall!

  26. Nothing in return? Are you not listening? We are rated the number one fan base in the entire league. You don’t get there by accident. Pay attention and you might figure it out someday.

    We’ll stop kicking you in the balls when you show us the respect we have earned and deserve. Unless, as I suspect, you enjoy that sort of thing.

  27. stellarperformance says:
    Aug 22, 2014 8:59 PM
    ……………. We are rated the number one fan base in the entire league.

    ———————————————————
    Why was there an issue with selling playoff tickets then?

  28. You already know the answer. You know it wasn’t because of the fans. And I was there……every seat was taken and the weather would make mortals (like you ) sit at home in their LazyBoys.

  29. holdsteady76 says:
    Aug 24, 2014 9:47 PM
    In related news, Wilfs up the cost of personal seat licenses.
    ——-
    I am not sure if you are being sarcastic, or if you really believe that…

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