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Vikings, Wilfs increase stadium contribution to $526 million

VikingsStadium

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.

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58 Responses to “Vikings, Wilfs increase stadium contribution to $526 million”
  1. stellarperformance says: Aug 22, 2014 11:43 AM

    Sounds nice. I look forward to seeing it when it is completed.

  2. electricboogalo says: Aug 22, 2014 11:44 AM

    Is that how much it will cost to move to LA?

  3. Carl Gerbschmidt says: Aug 22, 2014 11:47 AM

    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….

  4. macneil4025 says: Aug 22, 2014 11:49 AM

    The house that Teddy Built, skol Vikes!

  5. ragnarthemagnificent says: Aug 22, 2014 11:58 AM

    Carl, Chris Kluwe is on line 1 for you

  6. ariani1985 says: Aug 22, 2014 11:59 AM

    This is why we have the best owners in the NFL

  7. In Teddy We Trust says: Aug 22, 2014 12:00 PM

    You’d think they could kick in another $1 million to keep the birds from crashing into it during the games.

  8. vikings1packers0 says: Aug 22, 2014 12:01 PM

    Construction is on time and approx. 13% complete. Looking good as it goes up.

  9. In Teddy We Trust says: Aug 22, 2014 12:05 PM

    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.

  10. themeccalambeaufield says: Aug 22, 2014 12:08 PM

    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.

  11. 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.

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

    “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…

  13. uwsptke says: Aug 22, 2014 12:14 PM

    “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!

  14. arnoldziffel says: Aug 22, 2014 12:17 PM

    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??

  15. harrisonhits2 says: Aug 22, 2014 12:19 PM

    No welfare for billionaires !!!!

    Let them pay for their own stadium.

  16. thepftpoet says: Aug 22, 2014 12:24 PM

    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)

  17. jimnsota says: Aug 22, 2014 12:32 PM

    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.

  18. conormacleod says: Aug 22, 2014 12:34 PM

    nawlinssaints1956 says:
    Aug 22, 2014 12:09 PM

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

  19. 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.

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

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

    Public contribution should be zero.

  21. packers1337 says: Aug 22, 2014 1:02 PM

    A pee wee football team moving into a billion dollar stadium. Only in America were you see that. SKOLOLLOL.

  22. In Teddy We Trust says: Aug 22, 2014 1:09 PM

    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.

  23. In Teddy We Trust says: Aug 22, 2014 1:11 PM

    I can see it now. After the Vikings win Super Bowl LII, Packer fans will complain that the win was tainted because they got to play the game in their home stadium.

  24. jusford says: Aug 22, 2014 1:15 PM

    Should be named “The TAXPAYERS Stadium” not the Peoples Stadium.
    Can’t through in 1 mil to satisfy the bird org.?

  25. longtimefanhtr says: Aug 22, 2014 1:17 PM

    First class stadium with a lousy team to play in it.

  26. voiceofreasonsays says: Aug 22, 2014 1:18 PM

    Can the Redskins please be next to get a new stadium? FedEx Field is already falling apart, especially with the grass.

    #ButLetUsKeepTheName

  27. jtwp61 says: Aug 22, 2014 1:23 PM

    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.

  28. irishddddd says: Aug 22, 2014 1:28 PM

    Good because Lord knows you ask the locals for $$ and they lose their minds.

  29. whatjusthapped says: Aug 22, 2014 1:33 PM

    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?

  30. tokyofilthblaster says: Aug 22, 2014 1:48 PM

    Viking fans can barely afford their trailer payments. Don’t make them pay for this stadium.

  31. universalchurchoftruth says: Aug 22, 2014 1:56 PM

    Public contribution should be half.

    The money and jobs that are pumped into the community from this stadium will be great. Both parties benefit from the partnership in building this stadium.

  32. pack13queens0 says: Aug 22, 2014 2:12 PM

    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.

  33. nodakpaul says: Aug 22, 2014 2:12 PM

    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!

  34. nodakpaul says: Aug 22, 2014 2:16 PM

    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.

  35. th56 says: Aug 22, 2014 2:18 PM

    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.

  36. madddogg365 says: Aug 22, 2014 2:30 PM

    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

  37. hardrockfootballfanatic says: Aug 22, 2014 2:55 PM

    Could have saved money but not putting on a roof on the stadium.

  38. johnnytarr says: Aug 22, 2014 2:56 PM

    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.

  39. myhornispurple says: Aug 22, 2014 2:56 PM

    They should pay to have it retractable if they really want fans to have a good football experience!

  40. revren10 says: Aug 22, 2014 3:30 PM

    Patriots will dominate Vikings when they meet

  41. higheriqthanyou says: Aug 22, 2014 3:33 PM

    Don’t forget the turf!

  42. gofor2with3pointlead says: Aug 22, 2014 3:54 PM

    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.

  43. contra74 says: Aug 22, 2014 3:57 PM

    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.

  44. simonator917 says: Aug 22, 2014 4:14 PM

    Oh my, aren’t we just soooooooooo generous? It’s only your building you scum bag!

  45. stellarperformance says: Aug 22, 2014 5:18 PM

    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?

  46. bobnelsonjr says: Aug 22, 2014 5:24 PM

    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.

  47. codythao35 says: Aug 22, 2014 6:33 PM

    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.

  48. toykofilthblasterlovespftpoet says: Aug 22, 2014 7:40 PM

    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!

  49. stellarperformance says: Aug 22, 2014 8:59 PM

    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.

  50. johnnytarr says: Aug 23, 2014 2:57 AM

    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?

  51. stellarperformance says: Aug 23, 2014 8:54 AM

    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.

  52. tokyofilthblaster says: Aug 23, 2014 11:22 AM

    It’s a very small stadium seating 65,000 because they have a hard time rounding up fools to go watch their team lose.

  53. sonofad says: Aug 23, 2014 3:57 PM

    Does that thing look like a Super Walmart to you guys?

  54. universalchurchoftruth says: Aug 23, 2014 4:32 PM

    If they’re number 1, fatness and obnoxiousness had to have been the chief criteria.

  55. universalchurchoftruth says: Aug 23, 2014 4:36 PM

    Hahaha. No that they faked to sell out a playoff game we get to hear all sorts of cry baby, boo boo excuses. The weather was too cold? Come on, everyone knows fat is a great insulator.

  56. stellarperformance says: Aug 23, 2014 4:43 PM

    Who said it was too cold?

  57. holdsteady76 says: Aug 24, 2014 9:47 PM

    In related news, Wilfs up the cost of personal seat licenses.

  58. nodakpaul says: Aug 26, 2014 5:52 PM

    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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