City Council unanimously approves $97 million Target Center renovation

Categories: Sports
TargetCenterRenovation.jpg
Minneapolis's rendering of a revamped Target Center.
Twenty-three-year-old Target Center is one of the oldest venues in the NBA. Today, the Minneapolis City Council unanimously approved a long-awaited, $97 million plan to finance its renovation.

See Also:
- Timberwolves and Mpls officials unveil $100 million Target Center renovation plan


They gave the green light for a deal that calls for $48.5 million from Minneapolis coffers, added to $43 million from the Lynx and the Timberwolves and $5.5 million from building manager AEG. $50 million of the total haul will be used for ongoing improvements.

Next up, designers will get to work plotting out an updated exterior -- think glass instead of concrete -- new gathering points, and better general amenities, like restrooms. Construction is expected to start at the end of the current Timberwolves season.

Though the City Council unanimously approved the plan, they first re-tread Vikings stadium ground, the Star Tribune's Eric Roper reports. Today's vote sparked debate on whether the sales tax legislation that financed the new football stadium also paved the way for this deal, or whether Minneapolis could have funded the revamp without it.
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60 comments
Kyle Haze
Kyle Haze

They just throw money away, huh.

Rich Rudin
Rich Rudin

The Lynx ... hahaha! Basketball sucks

Jody Virnig
Jody Virnig

I'd rather the money go to teaching kids instead of all the sports. Don't you get tired of over paid sports getting taking money out of the state. You didn't try to save the arts. City Council wants people to stay stupid.

Jason Wittich
Jason Wittich

This was already planned out before the stadium and nobody even noticed them talking about it.

Josh Peterson
Josh Peterson

Taxpayers shouldn't be financing the business plans of a corporation! The NBA is a private corporation. Let it finance it's own stadiums!!

Shannon Jeffrey Ridley
Shannon Jeffrey Ridley

How about unfreezing our step raises that have been frozen for 2 years before you put money into your attractions?

Kevin Clark
Kevin Clark

Tax payers never a say in this kind of stuff, its good for sports, bad for residents.

Daniel McDonough
Daniel McDonough

Maybe this will spur the owners of Block E to do something with their wannabe casino that they are not going to get now that Hodges is Mayor. sick of seeing a building the city spent so much time and money on going to waste.

Kathie Carlson
Kathie Carlson

Minneapolis City Council can pay for it out of thier pockets then..

dillonbakke
dillonbakke

can someone tell me why billionaires need to borrow money from the poor "taxpayers" again... i mean why not get a loan from one of the big banks by fronting their own assets?

Ishtiaque Ahmed
Ishtiaque Ahmed

it says its 23yr old. In building terms that brand new. waste of 97million

Нина Суворова
Нина Суворова

Because we have so much money, there is nothing better to spend it on that the Target Center ...

Jack Skagnetti
Jack Skagnetti

So cigarettes will go up to $12 a pack is what you're saying?

Jason McCain
Jason McCain

I'm all for my tax dollars go for something I watch and enjoy.

Matt Schieffer
Matt Schieffer

Herein we all learn how to solve homelessness and drug abuse: throw a ton money at the problem and cancel all tourist attractions! That should have us on the right path!

kurt124
kurt124 topcommenter

Leave it to the Democrats to Raise Taxes and increase the cost of living.   The DFL controls the Snake Pit that is City Hall.     From stupid trains that no one rides, rental bikes, solar panels and of course the billionaires that control the Democrat Party and their Billion dollar arenas.   No wonder Mpls is shrinking in population.   Most cant afford to live here.   Thanks DFL.   

Colin McCarty
Colin McCarty

Its nice to see my tax dollars going to something I can support!

Matthew Stegmueller
Matthew Stegmueller

Because it was built in the late 80s and inflation's a motherfucker.

Dan Mason
Dan Mason

Why does it cost $97 million to renovate a facility that only cost $104 million to build?

WatusiJenkins
WatusiJenkins

I'm just glad that I don't live in Minneapolis and have to pay for this.

Jesse Etzler
Jesse Etzler

Why dont they have the players or the owners pay for this? 97 mil could feed and house the poor but I guess sports are more important then that to the state

Jake Helpdesk Olson
Jake Helpdesk Olson

OHHHHH NOOOOOOOOOOOOOOOOOOO not another bill that i'll have to foot.

Mark Whalen
Mark Whalen

two things they always have money for, sports and wars!!

Carol Elaine Jillian-Ohana
Carol Elaine Jillian-Ohana

This sketch looks so much better than the cave-like look it has now. Just don't interfere with any Lynx games while it's being updated..:)

Joe Strom
Joe Strom

Lol basketball pffffffffffft Kevin Bubba

Jenks LeVar
Jenks LeVar

Minneapolis/ st paul puts more effort into there infrastructure than any city in the United States...they just get that trickle down economics bullshit doesnt work.

Kandy Moore
Kandy Moore

Our tax dollars, where do you think the city gets any of it's money? ! >.

Albert Ramirez
Albert Ramirez

So Life Time Fitness can "officially" tell their prospect clients that the club is going to undergo an over 6 million dollar renovation project? They have been saying this to try and sell memberships for two years or so. Just saying...

MNjoe
MNjoe topcommenter

@dillonbakke Well, if you'd actually read the article, you'd see that the Lynx and T-wolves are putting in about half and the building owners are putting in 5.5 million. The city makes a fortune off that place in taxes from all the people that go there for sports, concerts, shows, etc. and taxes from everything they eat and drink there - oh, and more taxes from all the people that work there - I kind of think Minneapolis won't be losing $$ on this deal. And this is a tenth of what the new Vikings stadium is going to cost. They'd better find something else to happen there besides 2 preseason, 8 reg, season and a playoff game or two every decade.

MNjoe
MNjoe topcommenter

@kurt124  Kurt, look around the city at all the condo and apartment construction. Take a ride along the Greenway (you know, that bike trail no one uses) and look at all the condos going up on either side. Go downtown and look at the newly renovated Soo Line Bldg. that will be condos and the Nic on 5th - 23 floors of luxury condos. Maybe take a trip by the U and see all the construction cranes building new housing over there. They can't build these things fast enough to handle the influx of people that want to live in the city and are willing to pay more for the privilege.   There's always the suburbs for a guy like you - or Alabama.

MNjoe
MNjoe topcommenter

@Dan Mason That was 25 years ago.

thomas.m.crouse
thomas.m.crouse

@Dan Mason Because that $104 million is worth $184 million in today's weak dollar.

MNjoe
MNjoe topcommenter

@Jesse Etzler than that   And the owners are paying half - read the article Jesse.

stephansonprop
stephansonprop

@MNjoe @dillonbakke 

Please provide some numbers for us because all the numbers I have seen show that there is a very limited amount of change in spending when a sports team leaves town?? as a matter of fact, for every dollar NOT spend on sports is spent in other areas that produce more for the local residents-Northland report-

WatusiJenkins
WatusiJenkins

@MNjoe

You can sugarcoat it all you want, but it is still corporate welfare. If this same amount of money would be going to renovate the privately-owned IDS center (which also brings in a huge tax revenue base), you would be screaming, "We're not giving our hard-earned tax dollars to the 1%!!!"

dillonbakke
dillonbakke

@MNjoe we're not a bank, that's the point. tax dollars should be going directly to infrastructure and community programs... not line pockets of the rich. if they want welfare they can apply like the rest of us.

kurt124
kurt124 topcommenter

@MNjoe @kurt124 Dont let the facts get in the way mnJoe.   If you ever actually backed your arguments up your comments might be taken seriously.    THE CITY OF MPLS IS NOT GROWING!!!!!!!   It's a myth that our population is growing, it's not, it is shrinking!!!    Take a look at the latest census data.    Then you will see that your talking points are false.

WatusiJenkins
WatusiJenkins

@MNjoe

I love how you put down those who choose to live in the suburbs. Only a shallow person would judge someone on where they choose to live. Some of us like the peace and quiet of the suburbs. I suppose according to your logic, people are morally superior to everyone else that doesn't reside within the Minneapolis city limits. 

And just because (cookie-cutter) condos are being built everywhere in the city doesn't mean that they all will sell. There are dozens and dozens of $400k+ condos in Minneapolis that are sitting vacant because most people are not willing to pay that much for a 1200 square foot 2 bedroom condo with no yard space when you could get a brand new 4 bedroom house with double (or triple) the square footage with an actual yard out in the burbs. I guess I am getting off topic here, but comparing Twin City suburbanites to Alabama really shows your lack of couth.

One more thing to realize: The vast majority of people who work and play (i.e. spend money) in DT Minneapolis are those low-life suburbanites. Maybe they (and their money) should just stay out in those unsophisticated suburbs where they belong. After all, all they do is bring trouble and crime into downtown.  

kurt124
kurt124 topcommenter

@MNjoe And the taxpayers are paying the other half.   In addition to the Liability of the existing finances on the building.    Ever read that stuff Joe?

MNjoe
MNjoe topcommenter

@dillonbakke Actually, that IS part of the infrastructure, according to the definition of the word. The T-Wolves and Lynx in turn, donate a lot to community programs. Anyway, the building is 25 years old and it's a small price to pay for renovating the place. Especially compared to what we're gonna have to pay for the Vikings' new stadium. They could've paid a quarter of that to renovate the dome - it already had a new roof and turf installed a year ago.

kurt124
kurt124 topcommenter

@MNjoe @WatusiJenkins There you go again mn joe TOP B.S.'r.   Where is your proof that we are growing.  Cant' you see we have been shrinking since 1960.   Where do you get this crap?

MNjoe
MNjoe topcommenter

@WatusiJenkins @MNjoe And where in my comment did I put down people who live in the suburbs?  For a person that doesn't want to pay the taxes associated with city life, the suburbs are probably the place to be. But the less taxes you want to pay the crappier your surroundings are going to be - Alabama is just father down the scale - I guess Somalia would be a little farther than that. Also, try not to "suppose" what I think - you are the one who used the term "morally superior," not me. You seem to have a self-esteem problem about living in the 'burbs - a little defensive!  The whole point is that Minneapolis is not shrinking in population.

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