Vikings stadium approved. Now what?
5/25/12
By Frederick Melo
Full article can be found here.
http://www.twincities.com/vikings/ci_20 ... n-approved
Here is the information from the article regarding the Target Center renovation.
The stadium legislation allows Minneapolis to use some of its sales taxes for economic development projects such as fixing up the Target Center.
Rybak said he'll meet next week with the company that manages concerts and events at the arena, AEG, as well as representatives of the center's major tenants: the Timberwolves, the Lynx and Life Time Fitness.
About a third of Target Center events are basketball games. Ted Johnson, a senior vice president of marketing with the Timberwolves, said the team will negotiate a term sheet with the city governing rents and other considerations during renovations. "I would hope that the negotiations go fairly quickly," Johnson said.
"We believe there's possibly six to nine months of planning, and 14 to 18 months of renovation," Johnson said. He did not foresee the Target Center having to close. Instead, the work would unfold in stages, so visitors might enjoy a new food court or clubhouse while a nearby section of the center is being worked on.