Curly Calhoun
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Despite being no older than a second-grader, U.S. Bank Stadium is reportedly in need of several major upgrades and there is not enough money set aside in the stadium's reserve fund to cover those costs, according to a report from the Minneapolis-based Star Tribune. There's about $16 million set aside now, but maintenance and upgrade costs will hit $48 million next year, according to the new assessment. The chairman of the organization that oversees the stadium isn't shy about the fact that taxpayers will be expected to pick up some of the tab.
"Is there sufficient money to cover these? The answer to that is no," Michael Vekich, chair of the Minnesota Sports Facilities Authority, told the Star Tribune. "That is the work that we have to do collectively with [stadium operator] ASM, the Minnesota Vikings and…the governor and the Legislature."
reason.com
Minnesota Taxpayers Could Be Pillaged for $280 Million in Vikings' Stadium Upgrades
Taxpayers spent about $500 million to build U.S Bank stadium, which is just seven years old.
Taxpayers fronted nearly $500 million for a new professional football stadium in Minneapolis that opened just seven years ago. Now, they could be on the hook for as much as $280 million more in ongoing maintenance costs over the next decade.Despite being no older than a second-grader, U.S. Bank Stadium is reportedly in need of several major upgrades and there is not enough money set aside in the stadium's reserve fund to cover those costs, according to a report from the Minneapolis-based Star Tribune. There's about $16 million set aside now, but maintenance and upgrade costs will hit $48 million next year, according to the new assessment. The chairman of the organization that oversees the stadium isn't shy about the fact that taxpayers will be expected to pick up some of the tab.
"Is there sufficient money to cover these? The answer to that is no," Michael Vekich, chair of the Minnesota Sports Facilities Authority, told the Star Tribune. "That is the work that we have to do collectively with [stadium operator] ASM, the Minnesota Vikings and…the governor and the Legislature."
Minnesota taxpayers could be pillaged for $280 million in Vikings' stadium upgrades
Taxpayers spent about $500 million to build U.S Bank stadium, which is just seven years old.
reason.com
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