In a letter to Minneapolis Mayor R.T. Rybak and Council President Barbara Johnson, Vikings Owner/President Mark Wilf reiterates the team’s position that the Arden Hills site is the best location for a new stadium and reports that there would be $67 million in additional costs to build a new stadium on the current Metrodome site.
According to the Vikings, building a new multi-use facility on the current Metrodome site would mean the team would play three seasons at TCF Bank Stadium at the University of Minnesota. The smaller stadium capacity, sponsorship space and amenities would result in $12.3 million in annual losses per season, or $37 million over three-year period.
To meet NFL requirements for three seasons, the club would have to make $11 million in stadium upgrades. The team would also need to add $19 million in parking upgrades to meet NFL Program requirements.
“The $67 million in costs identified above bring the total costs to build at the Metrodome site to $962 million,” the letter states. “In addition to these cost considerations, the Vikings have concerns about the significant disruption to our football team, our fans, and our sponsors and partners, as well as the potential challenges created for University of Minnesota neighborhoods during the three-year period we would have to play our games in TCF Bank Stadium.”