Coyotes Find Location For New Arena AEG Proposes New Arena In San Diego Vegas NHL Team Sets Sights On Practice Facility Cowboys Open New Restaurant In AT&T Stadium Colorado Looks To Monetize Facility Upgrades Panel Wants To Reduce Funding For Vegas Stadium Judge Rules In Vikings' Favor In Wells Fargo Dispute Falcons' McKay Confirms $200M Changes To Stadium Penn State's Beaver Stadium Likely To Renovate Facility Notes
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).