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SMG To Manage Vikings' New Stadium Under A 10-Year Deal
Published August 22, 2014
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The Vikings are kicking in an additional $49M in private money to meet overruns for the stadium project, which has total costs now officially over $1B. Also today, the stadium authority approved an agreement with the Vikings to include a potential MLS team as a tenant. The Vikings have committed to paying $340,000 in yearly rent plus game day expenses in return for collecting all revenues connected to the soccer team. Minnesota has not been officially awarded an MLS franchise.