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Stadium Saga Part XIII: Blowing the Roof Off
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disaacs


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PostPosted: Tue Feb 26, 2013 11:19 am    Post subject: Reply with quote

I haven't quite finished it yet...I think I'll maybe get to it sometime next week.


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vike daddy


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PostPosted: Sun Mar 17, 2013 5:35 pm    Post subject: Reply with quote

shouldn't we be seeing the design concepts pretty darn soon...?
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Sector7G


Joined: 20 Jan 2013
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PostPosted: Sun Mar 17, 2013 9:13 pm    Post subject: Reply with quote

vike daddy wrote:
shouldn't we be seeing the design concepts pretty darn soon...?



"Officials involved in construction of the new Minnesota Vikings stadium are planning to unveil a schematic design for the facility next month, and they expect to have a target date by around the first of April."

http://www.twincities.com/localnews/ci_22803410/vikings-stadium-schematic-design-be-unveiled-next-month
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Vikefan79


Joined: 05 Apr 2005
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PostPosted: Sun Mar 17, 2013 9:15 pm    Post subject: Reply with quote

Sector7G wrote:
vike daddy wrote:
shouldn't we be seeing the design concepts pretty darn soon...?



"Officials involved in construction of the new Minnesota Vikings stadium are planning to unveil a schematic design for the facility next month, [b]and they expect to have a target date by around the first of April."[/b]

http://www.twincities.com/localnews/ci_22803410/vikings-stadium-schematic-design-be-unveiled-next-month


They can't pick a better date? You're just asking for trouble from the tax payers and rival fans if you unveil something they don't like.
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Sector7G


Joined: 20 Jan 2013
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PostPosted: Sun Mar 17, 2013 9:25 pm    Post subject: Reply with quote

Vikefan79 wrote:
Sector7G wrote:
vike daddy wrote:
shouldn't we be seeing the design concepts pretty darn soon...?



"Officials involved in construction of the new Minnesota Vikings stadium are planning to unveil a schematic design for the facility next month, [b]and they expect to have a target date by around the first of April."[/b]

http://www.twincities.com/localnews/ci_22803410/vikings-stadium-schematic-design-be-unveiled-next-month


They can't pick a better date? You're just asking for trouble from the tax payers and rival fans if you unveil something they don't like.


That would be somewhat poetically ironic if the Vikings release the drawings on April's fools day Laughing .
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Klomp


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PostPosted: Mon Mar 18, 2013 5:57 pm    Post subject: Reply with quote

Among the most significant expenses to be considered is the retractable element the Vikings have made clear they want included.

Lester Bagley: "That's a big one, and that's a priority of ours. As you know, whether it's a window overlooking the downtown skyline or an operable door that would open to the plaza or a roof or some combination -- those are the three elements that they're pricing out and then we're going to have to see how those costs fit in with the other pieces of it."

http://www.1500espn.com/sportswire/Retractable_element_for_new_stadium_remains_priority_Vikings_VP_says031813
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Purplexing


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PostPosted: Wed Mar 20, 2013 7:38 am    Post subject: Reply with quote

Ruh Roh!

" ...Minnesota Management and Budget Commissioner Jim Schowalter faced sharp questions from lawmakers, who said they are worried that general tax dollars will be needed to compensate for poor results from expanded gambling. Finance officials said last week that electronic pull-tabs are producing only a fraction of anticipated revenue to pay off future state debt for the stadium. ..."

http://www.twincities.com/politics/ci_22715330/vikings-stadium-minnesota-budget-chief-faces-backlash-funding

Does this mean the 'Menards Design' is imminent on 4/1? Regardless, the release of the Valhalladium design now probably shouldn't be close in proximity to 4/15.

People who buy the cheapest seats or PSLs should prepare to man the longboat oar-cranks to open and close the roof.


In related, comparative news... Hotlanta got 'er done, with less drama and less public involvement:

" ...ATLANTA (CBS ATLANTA) -
The Atlanta City Council approved an amended resolution Monday that authorizes the extension and use of the hotel/motel tax to partially fund a new state-of-the-art, retractable roof $1 billion stadium for the Atlanta Falcons. ..."

"... Atlanta has agreed to issue its revenue bonds in the amount of $200 million as the public's contribution for the construction of the new stadium. Falcons owner Arthur Blank will contribute the remaining $800 million needed for the public-private partnership. ..."

http://www.cbsatlanta.com/story/21674440/atlanta-city-council-members-vote-in-favor-a-new-stadium-for-the-falcons

So, if the Minnesota Legislators approved another $25M, the retractable roof would be certain, as it is in Hotlanta.

Only $25M more for a retractable roof? Something doesn't add up.
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Purplexing


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PostPosted: Wed Mar 20, 2013 7:53 am    Post subject: Reply with quote

Ruh Roh, again!

http://www.startribune.com/politics/statelocal/199077011.html

"The University of Minnesota sold nearly $1 million in beer and wine at TCF Bank Stadium last year and lost money."

I think that ^ says it all. But the article has details for those so inclined.
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disaacs


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PostPosted: Wed Mar 20, 2013 8:32 am    Post subject: Reply with quote

As far as the U-M thing, that's anticipated. Start-up costs are always going to lead to a loss in the first year. They'll make a profit from here on out, although like the article says, a small one, because that's all they planned for.

As far as the stadium, everyone on God's green earth knew that the pulltabs weren't going to deliver (as I believe PCP consistently made us aware Wink ). Other sources of revenue will certainly make up the difference, most notably the luxury suite tax.
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Purplexing


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PostPosted: Wed Mar 20, 2013 11:44 am    Post subject: Reply with quote

I generally agree with your points ^, but think demand elasticity will come into play in a negative sense regarding luxury suites, PSLs, and perhaps the volume of beer sold at the Gophield during Vikings games.

I don't know whether or not tailgating with alcohol outside the Gophield will be permitted. That will affect the demand for beer at concession stands inside the Gophield stadium.
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PrplChilPill


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PostPosted: Wed Mar 20, 2013 11:57 am    Post subject: Reply with quote

So in ATL, the owner is paying 80%.....sure, ask the county to put up a little more money for a retractable roof, if at the same time you give back about half their original commitment....

I still think the two outdoor years are really going to hurt this team in terms of paying players and cash flow....
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disaacs


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PostPosted: Wed Mar 20, 2013 12:04 pm    Post subject: Reply with quote

PrplChilPill wrote:

I still think the two outdoor years are really going to hurt this team in terms of paying players and cash flow....


The 2nd year maybe, but the first year will have the novelty of outdoor Vikings' football. Except for former Vikings/Steelers' FF poster, Jayme. He won't be there. Laughing
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Purplexing


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PostPosted: Wed Mar 20, 2013 12:04 pm    Post subject: Reply with quote

PrplChilPill wrote:
So in ATL, the owner is paying 80%.....sure, ask the county to put up a little more money for a retractable roof, if at the same time you give back about half their original commitment....

I still think the two outdoor years are really going to hurt this team in terms of paying players and cash flow....


Someone finally gets one of the points of my Valhalladiumock.

Those Viking fans complaining about no big free agents being signed in the last few years need to think in terms of the NFL being a business, not a game.

PCP: what did you mean by 'county'? County in ATL or MINN?
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Purplexing


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PostPosted: Wed Mar 20, 2013 12:08 pm    Post subject: Reply with quote

disaacs wrote:
PrplChilPill wrote:

I still think the two outdoor years are really going to hurt this team in terms of paying players and cash flow....


The 2nd year maybe, but the first year will have the novelty of outdoor Vikings' football. Except for former Vikings/Steelers' FF poster, Jayme. He won't be there. Laughing


Wimpy whipper snapper!
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PrplChilPill


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PostPosted: Wed Mar 20, 2013 12:59 pm    Post subject: Reply with quote

If I read the post correctly, someone asked for the MN county/state to put up $25MM for a retractable roof, to get to the same total as Atlanta.....while ignoring the fact that the government is putting up $200MM total, and the team is putting up the other $800MM....the MN legislature could only dream of a deal that good.
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