Vikings to Pay Additional $1.2M Toward New Stadium

Updated: 04/18/2014 4:32 PM By: Nick Tabbert

The new Vikings stadium is expected to be finished by July 2016.
The new Vikings stadium is expected to be finished by July 2016.
Photo: Photo: Minnesota Vikings

The Minnesota Vikings will pay more of the bill to finance the team's new stadium in Minneapolis.

The team announced Friday it will fund an additional $1.2 million toward the new stadium in order to guarantee it will have a large end zone video board and video screens in two club areas.

The new stadium project will cost $975 million. The Vikings, including the Wilf family, will use private financing and equity and the sale of Stadium Builder's Licenses - licenses to purchase season tickets - to help pay $477 million of the bill, leaving $498 for the City of Minneapolis and State of Minnesota.

In addition, the Vikings will also pay $13 million to $14.5 million a year for rent and capital enhancements.

The Vikings want to guarantee the addition of a large video board for the west end zone that measures 8,160 square feet and video screens in its Fire and Ice Club areas, two of the four club levels in the stadium.

Demolition of the Metrodome finished this week. Construction of the new stadium is expected to be completed in July 2016 prior to the start of the 2016 NFL season.