Friday, August 23, 2013
Vikings say stadium project still on time
By Ben Goessling
EDEN PRAIRIE, Minn. -- We talked a little while ago about the Vikings' decision to suspend negotiations on their lease at their new stadium as the Minnesota Sports Facilities Authority investigates the finances of the team's owners.
Well, the Vikings have weighed in with their own statement on the process, saying that progress on the stadium continues to move forward and adding that a pending decision against the Wilf family in a 21-year-old lawsuit will bear absolutely no impact on the Wilfs’ ability to guarantee and deliver $477 million in private financing toward the stadium project.
A 2011 Sports Illustrated study estimated Zygi Wilf's net worth at $310 million, which put him 27th among the NFL's 32 owners. The plaintiffs in the lawsuit have requested damages around $51 million, though little of the Vikings' contribution to the new stadium will come from their owners' pockets. They are in line for a $200 million NFL loan for the project, and can use revenue from stadium naming rights and personal seat licenses, among other sources, to pay for their share of the costs.
The Vikings' full statement, from corporate communications director Jeff Anderson, is here.