Menu
Facilities

Mortenson Selected To Oversee Construction Of New $975M Vikings Stadium

Despite its limited experience as a builder of NFL stadiums, Minneapolis-based firm Mortenson was selected by the Minnesota Sports Facilities Authority as the general contractor for the Vikings’ $975M stadium project. The decision was made public Friday morning during the MSFA’s monthly meeting in Minneapolis. Mortenson locally is the dominant sports builder, constructing new facilities for the Twins, Wild, T'Wolves and Univ. of Minnesota. Nationally, it has built one NFL stadium -- Edward Jones Dome in St. Louis. Hunt Construction, by comparison, has built 14 NFL stadiums -- two with operable roofs. Mortenson teamed with minority firm Thor Construction and project officials said that the strategic partnership was a big reason why Mortenson won the job over a joint bid by Hunt and local builder Kraus-Anderson. The Mortenson-Thor team will be paid a fee of $12.5M, representing 1.7% of total construction costs. Mortenson Senior VP John Wood said that the firm originally proposed a fee of 1.95%. MSFA Chair Michele Kelm-Helgen said that Mortenson’s contract terms ultimately reduced the risk to state taxpayers funding a majority of the project costs. Contract terms call for Mortenson to have the Vikings stadium ready to open by July 1, 2016. The stadium will be constructed on the site of the Metrodome. Vikings VP/Public Affairs & Stadium Development Lester Bagley said that team officials anticipate '13 will be the Vikings' final season at the dome. The Vikings expect to play two years at the Univ. of Minnesota's TCF Bank Stadium before moving into their new venue.

SBJ Morning Buzzcast: May 10, 2024

Start your morning with Buzzcast with Austin Karp: A very merry NFL Christmas on Netflix? The Braves and F1 deliver for Liberty Media investors; the WNBA heads to Toronto; and Zelle gets in on team sports sponsorship.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/02/15/Facilities/Vikings.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/02/15/Facilities/Vikings.aspx

CLOSE