The Minnesota Vikings are expected to sign an agreement with the University of Minnesota to pay the school $250,000 per game to play at TCF Bank Stadium while a new NFL stadium is built, according to the Minneapolis Star Tribune.
The school and the Vikings would split money from "concessions, sponsorship and advertising, likely amounting to about $50,000 a game."
The Vikings would have the option to rent the stadium for up to four consecutive years. They are expected to play at TCF Bank Stadium as early as 2013, but would not have to play entire seasons at the venue if their new stadium becomes ready, according to the letter of intent to the school.
Gov. Mark Dayton can sign the approved financing plan for the Vikings' stadium after it cleared final approval in the Minnesota state Senate by a 36-30 vote on Thursday, setting wheels in motion to soon begin construction on a $975 million stadium that owner Zygi Wilf believes will put the team in play for the largest of sporting events, including the Super Bowl and NCAA Final Four.
The Vikings agreed to pay 49 percent of construction costs, a total of $477 million, or $50 million more than the owners agreed to in the initial proposal. The vote spares the Vikings another season of stadium strife with the 30-year-old Metrodome losing its final tenant.
The public cost is set at $348 million and any construction overrun can be assigned to the builder, the bill says. The city of Minneapolis must pay $150 million.