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07-13-11 Additions
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7/18/2011 3:15:13 PM
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MYTH VS. REALITY - ARDEN HILLS STADIUM SITE <br />• The stadium parking lot could provide additional uses year- round, including park and <br />ride facilities and recreation. <br />• The stadium would allow the Twin Cities to host major events, such as the Super Bowl, <br />in future years. <br />MYTH #10: The Vikings have not committed to paying their fair share of the project. <br />REALITY: <br />• In partnership with Ramsey County, the Vikings have committed to providing $407 <br />million as part of this development. This is the only site the Vikings are invested in. <br />• The Vikings share of financing — at approximately 40 percent of the project cost, is larger <br />than the private financing share for stadiums built in Cleveland (1999, 25 percent), <br />Indianapolis (2008, 14 percent), Arizona (2007, 32 percent), and Houston (2002, 27 <br />percent), as examples. <br />• The Vikings have agreed to cover all cost overruns on stadium construction <br />• The Vikings will pay for all municipal services, including police, traffic, fire, trash removal, <br />etc. <br />Prepared by Ramsey County I Updated July 8, 2011 <br />
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