The owners of the Minnesota Vikings are learning a hard lesson in sports ownership. If you want one of the best stadiums in the business, you have to be willing to pay for it, even after you’ve fleeced the local legislature for as much tax money as possible.
The Minnesota Star-Tribune writes that the Wylf family — owners of the Vikings — are spending more and more money on small amenities that can potentially push their stadium over the top. This is nothing new to the Twin Cities region, as they saw something similar with their baseball team when the Twins moved to Target Field. Vikings Vice President Lester Bagley spoke on the specifics of that spending and what the NFL franchise has planned for their budget overture.
“We’re going to go from 98 suites to 116 suites. We’re going to invest additional dollars in additional suites, an additional 18 suites that we will pay for but will be a benefit to all the events there — the Final Four, the Super Bowl — which did not benefit the Vikings, but it will certainly benefit for Vikings games. But for all events and for fans that go through the building will have an opportunity to benefit from this.”
The article also notes the Wylf family could sink a total of $100 million or more of their own money into the stadium before it’s all said and done.
While the bulk of the money for the new football stadium in Minneapolis will still reside on the shoulders of taxpayer money, you can rest assured, Vikings fans, that the Wylfs are going even further with their plans as the stadium develops.