Vikes Agree To Pay Additional $50 Million, House Passes Measure, Deal Basically Done

Thursday, May 10th, 2012 at 6:59 am

It’s basically a done deal… the Vikings are going to get their new stadium.

The Minnesota Vikings agreed early Thursday morning to increase their contribution by $50 million towards a proposed $975 million stadium project, hours after lawmakers increased the team’s share in a calculated move that could soon put the team in the new facility it has long coveted.

The House voted quickly to approve the measure this morning, meaning only a Senate vote stands in the way of sending this legislation to the desk of Gov. Dayton. The Senate is expected to pass the measure today.

Vikings vice president Lester Bagley told the conference committee that finally convened a little before midnight on Wednesday night that “the Wilfs have stepped up and made a huge commitment to Minnesota and a huge commitment to the fans.”

As revised, the $975 million stadium will draw on $348 million in state money, plus $150 million from the city of Minneapolis. The new stadium is set to be built on the site of the Metrodome near downtown Minneapolis, and the team will likely have to play at least two seasons at TCF Bank Stadium.

When Dayton signs the bill, to set it in stone, we’ll report that as well.

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