Vikings 7-year-old U.S. Bank Stadium needs 280M in maintenance in next decade 48M in next year per report
Vikings 7-year-old U.S. Bank Stadium needs 280M in maintenance in next decade 48M in next year per report
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The home of the , the palace called U.S. Bank Stadium, will need roughly $280 million in repairs and upgrades to remain in "top condition" over the next decade, according to a report . That total includes a whopping $48 million next year.The Vikings and Minnesota taxpayers make yearly deposits to the stadium's capital improvement fund, which reportedly has $16 million in the account currently. The stadium's audio-visual room, one of the key areas for U.S. Bank's production value for events, is projected to require $14 million in funding alone in upkeep costs per an architectural a se sment put out on Friday, per The Star Tribune.Kansas City-based Populous, an architectural firm specializing in stadiums and arenas, conducted the facility a se sment on behalf of the Minnesota Sports Facilities Authority (MSFA), which oversees the seven-year-old building on behalf of Minnesota taxpayers. The Derek Jeter Jersey MSFA paid $527,500 for the a se sment.Each area of the stadium was labeled good, fair or worn in the architectural a se sment. Good condition meant well-kept. Fair condition related to some signs of needing work in the short-term future. Worn e sentially means fix it now.Areas labeled as worn down include weather stripping on doors, a damaged conce sion sign on the stadium's upper levels and the in-house, stadium TV distribution system. which is "nearing the end of its life." In the Minnesota's proposed state budget from Governor Tim Walz there was a section that allotted $15.7 million to cover the first phase of Thurman Munson Jersey the perimeter around the building.MSFA chair Michael Vekich said, via The Star Tribune, that he expects the group responsible for monitoring the stadium maintenance to ask the state's legislature for $48 million in 2024. Pick Six Newsletter Crafted By The Best NFL Experts Get the day's big stories + fun stuff you love like mock drafts, picks and power rankings. I agree to receive the "Pick Six Newsletter" and marketing communications, updates, special offers (including partner offers), and other information from CBS Sports and the Paramount family of companies. By pre sing sign up, I confirm that I have read and agree to the and acknowledge Paramount's . Please check the opt-in box to acknowledge that you would like to subscribe. Thanks for signing up! Keep an eye on your inbox. Sorry! There was an error proce sing your subscription. The legislature also is discu sing the governor's the Yogi Berra Jersey outstanding $377 million in bond debt on the Vikings' palatial structure using the balance in the stadium's reserve fund of $368 million. That fund is supplemented with revenue from taxes on pull tabs, including electronic pull tabs legalized in 2012 to help curb the stadium debt. The $1.1 billion venue opened in 2016 and was then the largest public-private project in Minnesota's history. The city of Minneapolis footed $150 million, the state's taxpayers added $348 million, and the team's owners, the Wilf family, paid the remaining balance at the time.
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