Mpls. Parade Ice Garden Needs Major Overhaul

Updated: 02/13/2013 10:50 PM KSTP.com By: Jay Kolls

The Minneapolis Park Board wants to spend $10 million to keep the Parade Ice Garden open.

The popular arena first opened its doors in 1973 and Park Board Commissioners say its refrigeration systems and its roof have run out of life. They say the money should be spent now to fix it up so it can stay open another 50 years.

Park Board Commissioner, Bob Fine, tells 5 EYEWITNESS NEWS, the arena would "close, if we don't get it fixed up."

The project is expected to be approved next week by the full Park Board and it is likely they will ask taxpayers to pay off a $10 million bond to pay for the improvements. The Park Board says it is the second largest capital project the Board has ever undertaken.