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Minnesota Vikings Stadium: Preliminary Agreement Reached Between Team, State, and Minneapolis

According to a report in the Minneapolis Star-Tribune, the Minnesota Vikings have reached a deal with the state of Minnesota and the city of Minneapolis on a deal that would build a $975 million stadium on a sight next to the Metrodome.

The contribution from the Vikings would come in at $427 million dollars, with $398 coming from the state and $150 coming from the city of Minneapolis to cover the construction costs of the new stadium. The city of Minneapolis would also cover $180 million in operating costs over the next 30 years.

The money that the team is contributing to the project represents about 45% of the costs of the stadium, and represents the third-largest private donation that has ever been pledged to a stadium.

Keep in mind, while an agreement has been reached, there is still quite a bit of work to do in order to get everyone on board with this. However, this is as close as the process has been to reaching the goal since this entire process began. With the 2012 legislative session nearing its halfway point, there's a lot of work to do and less time to do it in. Hopefully, for the sake of the team and its fans, this whole thing can go from "agreement" to "completed" before everyone adjourns for the year.

Photographs by Micah Taylor, clairity, and Fibonacci Blue used in background montage under Creative Commons. Thank you.