Timberwolves and Mpls officials unveil $100 million Target Center renovation plan
|With a Target Center renovation agreement in place, it might not look like a spaceship crashed into downtown Minneapolis for much longer.|
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The $97 million plan includes a $48.5 million contribution from the city, $43 million from the Timberwolves and Lynx, and $5.5 million from AEG.
Eric Roper tweeted out this photo of an informational flier distributed to attendees at today's news conference:
As MinnPost reports, the Vikings stadium bill approved by the legislature last year allows Minneapolis to redirect some sales tax revenue to pay for the city's share of the renovation.
$100 Target Center deal finally unveiled. Also includes extra $50 million for ongoing cap improvements pic.twitter.com/N4PkEcyB6G-- Eric Roper (@StribRoper) October 28, 2013
The Target Center cost $104 million to build and opened in October 1990.
Here's a Minneapolis rendering of what a renovated Target Center will look like:
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