Source: Raiders Stadium Will Cost $200M Less Golden Knights' Practice Facility To Be Top-Flight St. Louis MLS Investors Hopeful Funding Vote Passes Georgia State Updates Turner Field Construction Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions
SBD/Issue 2/Facilities & Venues
Vikings Hope To Take Page From Colts' Book On Stadium Financing
Published September 15, 2008
|Vikings Hoping To Use Hospitality Taxes To
Help Finance New Stadium In Minneapolis
OUTSIDE OPINION: Colts Owner Jim Irsay said of the Vikings' stadium need, "The key is, it is urgent. They simply can't remain in this facility. It's not possible." Irsay said that the Colts "ultimately were able to generate support for their new stadium because of local and state leaders' ability to recognize the importance of the team's presence as well as the new stadium, which, with a retractable roof, can host a number of major events." Irsay added, "You have to understand. If you're a mayor or governor of a city or state, you don't do this because, 'Oh, I like the Wilfs. Or I just like football.' That's not what it's about. The public-private partnership is about a win-win situation." Irsay added, "The Wilfs can't put $600[M] into a stadium. That's never going to happen. You'd never make it back in five lifetimes" (ST. PAUL PIONEER PRESS, 9/15).