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Final concrete columns poured at the new Vikings stadium

The new Vikings stadium reached another major milestone earlier this week with the pouring of the last vertical concrete column. Over the last 16 months, thousands of concrete trucks poured over 17,500 cubic yards of concrete that make up 1,200 concrete columns on the stadium site. If placed end to end, the concrete columns would stretch approximately 5.3 miles.

Next month, the stadium’s final ring beam concrete will be placed, meaning the vast majority of concrete work will be completed.

In addition, as part of this month’s Minnesota Sports Facilities Authority’s (MSFA) board meeting, the Minnesota Vikings and the Wilf family commited to spending an additional USD$14m towards the new stadium, bringing the team’s increased private contributions since stadium legislation passed to USD$89m and the overall team/private commitment to USD$566m.

Nearly USD$13m of the total USD$14m being invested by the Vikings will be directed toward the stadium’s television system, including the 2,000+ HDTV monitors that will be displayed throughout the building. Having previously covered design fees to increase the number of televisions from 800 to over 2,000, the team’s contribution will cover costs associated with the additional monitors and the backbone video control system. The remainder of the USD$14m increase will go toward lighting and utility enhancements, as well as exterior signage.

The additional contribution pushes the team/private commitment to more than USD$566m, or 53% of the now USD$1.076bn total project budget. The public contribution toward the project remains at USD$498m.

TEAM/PRIVATE CONTRIBUTION BREAKDOWN (rounded numbers)
Original Stadium Legislation (May 10, 2012)………………………. $477,000,000
Contingency Guarantee (November 22, 2013)……………………… $26,400,000  (now included in project)
Additional Cash Contribution (April 18, 2014)…………………………. $1,200,000
Additional Cash Contribution (June 20, 2014)………………………… $1,300,000
Additional Cash Contribution (August 22, 2014)……………………. $19,700,000
Additional Cash Contribution (October 10, 2014)………………………. $518,000
Additional Cash Contribution (November 21, 2014)……………………. $647,000
Additional Cash Contribution (December 19, 2014)…………………. $1,200,000
Additional Cash Contribution (January 16, 2015)………………………. $944,000
Additional Cash Contribution (February 13, 2015)…………………… $2,300,000
Additional Cash Contribution (March 27, 2015)…………………….. $19,500,000
Additional Cash Contribution (April 27, 2015)…………………………. $1,200,000
Additional Cash Contribution (May 15, 2015)……………………….. $14,000,000
Total Team/Private Contribution…………………………… $566,000,000 ($566,212,870.71 official)
* Total does not include absorbed TCF Bank Stadium relocation costs of $23.2 million

* In addition to the $566 million in upfront capital costs, the Vikings will also make annual commitments of $14.5 million, including $8.5 million in rent (the highest rent payment of any NFL facility), $1.5 million toward a capital improvement fund and $4.5 million for game day expenses. Both the rent and the capital improvement fund contributions will inflate at 3% per year.

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Images courtesy: Vikings