Timberwolves and Mpls officials unveil $100 million Target Center renovation plan

targetcenterside560.jpg
With a Target Center renovation agreement in place, it might not look like a spaceship crashed into downtown Minneapolis for much longer.
This morning, Timberwolves and Minneapolis officials finally unveiled their long-promised plan to renovate the Target Center.

SEE ALSO: Timberwolves reportedly eyeing Block E for new practice facility

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.

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:

targetcenterrenovation.jpg

-- Follow Aaron Rupar on Twitter at @atrupar. Got a tip? Drop him a line at arupar@citypages.com.


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55 comments
Taylor Johnson
Taylor Johnson

The target center has always been crappier than the dome in my opinion. that place is dirty as f

Alirox
Alirox

What's with the 'projection' of a star athlete on the exterior of new stadiums or venues in concept renderings?  Is this a nationwide trend or just for us hayseeds?

That said, I'm a longtime member of Lifetime Fitness (in the Target Center basement) and you robber barons keep raising the club dues YET THERE HAS NOT BEEN A WORKING MEN'S-WHIRLPOOL FOR YEARS.

Jennifer Kay Cortez
Jennifer Kay Cortez

Maybe the Vikings and the target center should use KICKSTARTER funding? Then the fans who actually care can fund it.

Andy Stealth Trattar
Andy Stealth Trattar

Because none of these places generate revenue beyond the team associated with the stadium...

Sherri Bailey-Streff
Sherri Bailey-Streff

Only if the sporting team owners pay for it. If we work at a company and they want to renovate, we the employee don't pay for it, the tax payer don't pay for it, the OWNERS PAY FOR IT...GET IT?

Andrew Hine
Andrew Hine

I count a third of a billion dollars, but that can't be right! In millions: Wolves $56.8 Twins $94.1 Vikes $116.0 Wild $56.3 Lynx $0.9

Jesse Etzler
Jesse Etzler

No... 100 million be invested into a lot better places than shitty sports teams.

Charlie Seto
Charlie Seto

It's the major sore point I have with RT...luring the Vikings from Arden Hills. If they'd gone up there and stalled out, Mpls would've been in a better position to dictate terms.

Marcos Maiero
Marcos Maiero

It would be kind of nice to get mugged outside of a new stadium.

Allison Gumm Lester
Allison Gumm Lester

I'd like to go to a concert or even a game, but I can't afford it. I'd like to go out to dinner with my family more frequently, but I can't afford it. I'd like to buy my children what they'd like for Christmas, but I can't afford it. I'd like to purchase a new winter coat, but I can't afford it. I'd like to get away for a weekend with my family, but I can't afford it. I'd like to renovate my bathroom so that I can take a bath, but I can't afford it. I'd like to insulate my house, but I can't afford it..........

Cara Flora
Cara Flora

paid for by you the taxpayer. whether you like/use this place or not. Meanwhile the sports teams pay no taxes (they are tax exempt, non-profit status). which makes sense since those sports teams don't make any profits at all.... those poor ball players...

Patrick Toth
Patrick Toth

What do you expect when the TC metro has to absorb four major sports teams and their individual venues twelve months out of the year? It's a never-ending carousel of raised ticket and concession prices, sales taxes, construction and corporate welfare.

Ann Sullivan
Ann Sullivan

Can't they take up donations from the players?

Ran Dazzle
Ran Dazzle

performance based wed never build a new sport anything except for WNBA and U of M Hockey

Kim Hyers
Kim Hyers

Well, I think we need better schools first. Better education gives people a better chance to succeed with a lucrative, tax paying career. Only about .000001% of people who go to public school will play professional sports and benefit from the $ spent here. (That's a made up statistic but it sounds good, no?) As for entertainment venues benefitting local businesses, I'm really not sure this is an accurate picture of the whole - people have X amount of money, they will spent or save it according to their personal style. Just because we build a new stadium does not mean I will spend $500 more dining out this year, it means I will dine near the event instead of near home, hurting local business in my own neighborhood while benefiting the stadium neighborhood. So, needless to say I am not yet convinced on any argument that the public should fund stadiums unless it results in public ownership of the team as a revenue generating asset, or, arguably the Saints who are footing a good share of the bill and that amount is proportional to their use of the stadium which is multi use. Schools first.

Jo Baecker
Jo Baecker

...and another thing. I realize there are laws on the books that don't allow this, but for god's sake have people buy shares of new stadiums. There will be plenty of team supporters willing to invest several thousand (or millions) to obtain a share of operating profits.

Emily Summers Leabch
Emily Summers Leabch

I think the Lynx should get more priority and exposure than the Timberwolves. They are, after all, the best sports team we have. Sadly, since it is a women's team that probably will not happen.

Juliana Christa Berg
Juliana Christa Berg

It's like giving candy to a child at the playground, now all the other kids want candy. It's annoying really. What's next, the Wild complaining about the Xcel (I love both by the way)?

Rob Peterson
Rob Peterson

As long as Target & the Wolves pay for it & not the average tax payer that gives not a fraction of a shit. Otherwise no way, but our opinions don't seem to matter much these days.

Will Thorson
Will Thorson

The money for this was already part of the Vikings stadium deal. In fact, this plan is a long time coming.

Jack Skagnetti
Jack Skagnetti

Great, now cigarettes will go up to $12 a pack. Fuck sports.

Jo Baecker
Jo Baecker

Renovation? Sure. 100 Million? Wow. Let me be the general contractor on that project. Sorry, I've managed multi-million dollar construction projects before--this is wasteful. What the fuck are they building, an extra-terrestrial spaceship docking port?

Andrew Hine
Andrew Hine

What is the collective salary of the Wolves, Wild, Twins, and Vikings players? The Target Center and Block E should be razed and sodded. The XEC is the place for concerts. Let the Wolves and Lynx build their own basketball arena somewhere else.

Rick Meyer
Rick Meyer

Wait until you see my $26 million plan for the Burnsville VFW!!

Kris Dionne
Kris Dionne

For what? Minnesota Timberwolves lose all damn season. What they wanna doll it up for now?

Joshua Warren
Joshua Warren

Nobody wanted the Vikings stadium. That was all Mark Dayton and his posse of morons. Why not let another team bilk the taxpayers out of money?

Lindsey Richardson
Lindsey Richardson

Are you fucking kidding me? What about putting that money into education?

Ryan Baumstark
Ryan Baumstark

Meanwhile...The Artist's Quarter, a national treasure and one of the best Jazz venues in the country, is closing.

David Gustafson
David Gustafson

I think the city needs to pick an intersection and put a Target Center-style sports arena on all four corners, all in various states of construction. Use one for a year, tear it down, start building another on its site, and move the team to the next corner's arena, completed just in time to be used for that season. Scheduling each to be built for two years, used for one, then torn down for one, the city should be able to build sports arenas -- for losing but highly profitable teams -- until the end of time.

Lynn Quijada
Lynn Quijada

Sure! Let's take the $ from the current government's mismanaged budgets. I'm sure I've already paid for this 20 times over.

TC4L
TC4L

I never understood why sports get money from City/County/State.  If AMC theaters builds a location, why don't they get money?  We can say Jobs to construct and operate. If valleyfair wants a rennovation, why not put taxes on clothes to help them?    My drunken softball team is entertaining.  Give me money.

ajlalk3
ajlalk3 topcommenter

@Andrew Hine What do player salaries have to do with anything? Or are you one of those psychos who thinks that the players should have to chip in with the cost?

TC4L
TC4L

It's not about winning or losing, it's about ticket and apparel sales.  If the income is greater than the outcome, then renovate.

ajlalk3
ajlalk3 topcommenter

@Kris Dionne Yep, because the Timberwolves are the only ones who use Target Center.

ajlalk3
ajlalk3 topcommenter

@Ryan Baumstark Perhaps the dumbest comment in here. A poorly run jazz music venue has nothing to do with this in any way.

mingtran
mingtran topcommenter

Makes more sense, really. Afterall, the stadium is a vehicle for their generation of income while the public sees no monetary gain, but rather a drain. Maybe you're the psycho.

mingtran
mingtran topcommenter

How is it different?

mingtran
mingtran topcommenter

They're not employees, they're contractors.

Name one other obligatory tax that doesn't at least pretend to be "for the public good".

ajlalk3
ajlalk3 topcommenter

@mingtran Please name one profession where the employees have to pay for upgrades to their own working facilities.

mingtran
mingtran topcommenter

You should've at least researched talking points they tricked you into believing instead of completely copping out. You lose.

ajlalk3
ajlalk3 topcommenter

@mingtran This is one of those "If you have to ask, you'll never know" situations.

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