Timberwolves have new stadium plans

The Minnesota Timberwolves have announced a plan known as a "global solution" for Minnesota's Vikings and Timberwolves stadium issues.

The plan would include a new regional sports authority with costs that would amount to $1.73 billion to be paid for by bonds issued by the Metropolitan Council, The Associated Press reported.

This new sports authority would build a new Vikings stadium, renovate the Target Center, build a new St. Paul Saints ballpark, and acquire the debt of the Excel Center.

The primary funding would come from taxpayers that would result in $74 million annually, in a Star Tribune story.

Although members of the Minneapolis City Council are concerned over aspects of this new plan, such as keeping the Metrodome and have two football stadiums, many members are expected to be in favor of a regional sports authority.

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This page contains a single entry by larg0027 published on March 13, 2011 2:20 PM.

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