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Counterclaim Filed in Vikings Stadium Land Dispute

Posted at: 08/30/2013 8:38 PM



MINNEAPOLIS (AP) - The board overseeing the Vikings stadium project says the owner of the site for the $975 million facility has grossly overstated the property's value.
 
The Minnesota Sports Facilities Authority says Minneapolis Venture LLD has inflated the property's development potential and value - to nearly double the authority's appraised value.
 
The Star Tribune reports (http://bit.ly/1474Gcy) the authority also says Minneapolis Venture can't end an agreement to use part of the block as a public plaza before NFL games.
 
Jon Austin is a spokesman for Minneapolis Venture. He says the authority is making a nonexistent claim to the property and falsely demanding that Minneapolis Venture dedicate its land to the Vikings without compensation.
 
The authority made its allegations Friday in a counterclaim to a lawsuit filed this month by Minneapolis Venture.
 
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Information from: Star Tribune, http://www.startribune.com
 
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
 
8/30/2013 7:53:35 PM (GMT -5:00)