$15M dispute over Vikings stadium costs nearing deal
The financial dispute over cost overruns at the Minnesota Vikings stadium is nearing a settlement.
Mediation with Mortenson Construction, the company building the new stadium, has been successful, according to Minnesota Sports Facilities Authority Chair Michele Kelm-Helgen.
"We're getting very close. We aren't quite there yet," Helgen said. "We are hoping to have something to vote on at our Friday board meeting."
Mortenson Construction and the MSFA were disputing $15 million in cost overruns on the $1.1 billion dollar building, a cost that could be covered by a $30 million contingency set aside for the project.
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Neither side would disclose the terms of the settlement yet.
"It really, literally is not finalized, but there will be a number that the MSFA has come to," Kelm-Helgen said.
Mortenson officials also declined to talk about the terms.
The project is 90 percent complete, turf will be installed May 9 and the doors open July 15, officials said.
There are more than 1,000 workers a day reporting to the job site, and still $1 million worth of payroll accruing to the labor force on site daily.
"We have installed about $780 million worth of work to date," said Eric Grenz, construction executive on the project. "There's still another 800 to 900,000 hours of craft worker hours left to put in place. Most of that is interior finishes, mechanical and plumbing."