Venue Detail
Minnesota Vikings
Revenues From Sports Venues Pro Facilities Report
February, 2012
Minnesota Vikings
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9520 Viking Dr Minneapolis, MN 55344 Phone: 952-828-6500 Fax: 952-828-6542 URL: www.vikings.com Owner: Investment group led by Zygi Wilf League: National Football League, NFC North
Venue
Hubert H. Humphrey Metrodome, 900 S 5th St, Minneapolis, MN 55415-1599 Owner: Metropolitan Sports Facilities Commission Managed by: Owner Built: 1982 Capacity: 55,000 Permanent concession stands: 33 Concessionaire: Centerplate Suite caterer: Viking Food Services Soft drink: Coca Cola Beer: Multiple
Ticket prices
Season tickets range from $250 to $1,230 Single tickets range from $15.00 to $143.00
Attendance
2009 average attendance: 63,775 2010 average attendance: 58,751 2011 average attendance: 62,816
Suites
Quantity: 115 Term: 1 to 4 years Price: $50,000 to $130,000 Seats: 12 to 18 Includes: Vikings tickets. Party suites hold 24 to 64 persons and lease for $4,500 to $30,000, respectively.
Financing
The $75 million venue was financed with $55 million in revenue bonds and $13 million in interest on the bonds. The Vikings and Twins contributed $7 million toward training facilities.
The Metrodome is the home of the NFL Vikings, having seen the Twins and the University of Minnesota move into other venues. The Vikings are making similar efforts.
Officials of the Metropolitan Sports Facilities Commission say the Hubert H. Humphrey Metrodome will lose $2 million because of the Twins' departure.
The Vikings have been working multiple plans to build a new stadium, but have had no luck in the Minnesota legislature. The team saw 2012 begin with several options, but none that included state funding.
The commission also is considering what will happen when the Vikings' lease expires after the 2011 season. The commission and the Vikings are pushing for a new stadium on the Dome site. There is also some debate as to the date the lease expires.
Even if the Vikings were to stay in the existing Dome – based on a preliminary budget that commissioners say needs more analysis – the Dome's account balance could dip below its $6 million minimum in 2013. The commission will have to decide if that $6 million minimum, set in 2004, is still appropriate given the loss of the Twins and Gophers. Its estimated account balance at the end of 2008 was $16 million.
As for the Vikings, the team committed $250 million toward a new $954 million open-air stadium, but says the state will have to find the money on its own if it wants a roof on the venue. State officials say they don’t have the money and have not given the team any hope that they will consider the issue soon.
The total project could cost to up $2 billion including development owner Zygi Wilf wants to create around the venue to be built on the site of the Hubert H. Humphrey Metrodome.
In 2006, the Vikings pledged $280 million toward construction of a new stadium in Blaine, a plan that ended with the dissolution of the Vikings' partnership with Anoka County. Lester Bagley, Vikings vice president of public affairs and stadium development, said Wilf's current proposal was “a starting point” for future negotiations.
The Vikings offer hospitality tents before and during games. Tents lease for $2,100 per season or $295 per game. The cost includes an open bar, food and parking. The enclosed Vikings Lounge is priced at $2,175 per season. (Facilities, Financial, Football, NFLNFL, Professional Sports)