Minn. to sell Vikings stadium bonds next week

Artist's rendering of Vikings stadium.
Artist's rendering of Vikings stadium.
Image courtesy of HKS Architects

The Minnesota Vikings stadium project is about to get its formal infusion of money from the state.

The Department of Minnesota Management and Budget will sell $467 million in bonds early next week to cover the public share of the $1 billion construction budget. The bond sale has been in the works for months and comes weeks after groundbreaking for the new facility.

Demolition of the Metrodome will start soon, and the new stadium will be built where the old one stands. The goal for completion is summer 2016.

The Vikings are rounding up private money to pay roughly half of the project cost. The state and the city of Minneapolis are covering the rest by diverting tax money to repay the borrowed money.

Create a More Connected Minnesota

MPR News is your trusted resource for the news you need. With your support, MPR News brings accessible, courageous journalism and authentic conversation to everyone - free of paywalls and barriers. Your gift makes a difference.