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Bleacher Report – Vikings

Refinement Of Minn. Vikings Stadium Costs Drags On

By Cole Premo

MINNEAPOLIS (AP) — An official involved in the Minnesota Vikings stadium project says a goal for getting key elements of the financing locked in this week won’t be met.

Minnesota Sports Facilities Authority Chairwoman Michele Kelm-Helgen told The Associated Press on Wednesday that her staff, team representatives and the main contractor are still working to reach a “guaranteed maximum price” for construction work. The project is capped at $975 million, but not all of that goes into the actual structure.

The authority had hoped to reach a price deal this week so the Vikings could finalize loans on a $477 million private share. The state won’t sell bonds for a $498 million public portion until the Vikings do that.

Officials were eying mid-November for groundbreaking to get the stadium built by July 2016.

(? Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Source: CBS Minnesota

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