The Minnesota Vikings have reached a Facility Use Agreement with the University of Minnesota on using TCF Bank Stadium for at least two years while they await completion on the new Vikings Stadium, set for debut in 2016. The current agreement will allow the Vikings to use TCF Bank Stadium during the 2014 and 2015 seasons, but will include two more years if necessary.
Vikings will pay for upgrades to TCF Bank Stadium during 2-year stay, according to agreement
The Vikings and the University of Minnesota have agreed to terms on per-game and per-season payments to the school while using their facilities.
Per the agreement, the Vikings will reimburse the university for any TCF Bank Stadium improvements and game-day operational procedures, while paying $250,000 in rent per game and sharing $50,000 in concessions, sponsorship and advertising revenue. That’s $300,000 per game and a maximum of $3 million per season.
Via the team’s official release:
“This partnership benefits the University, its neighbors, the Vikings and all Minnesota football fans,” said University President Eric Kaler. “The Vikings will remain part of the Twin Cities region during construction of their new stadium, while proceeds will be used to enhance Gopher Athletics and invest in the fabric of our surrounding neighborhoods.”
The Vikings are hoping that their new stadium, simply dubbed as New Vikings Stadium at the moment and set with a budget of just under $1 billion, will be completed by the start of the 2016 season. If those plans fall behind however, they are set to continue with their agreement with the Gophers through 2017.
In accordance with NFL regulations, the Vikings will also be adding new turf to the stadium as well as proper heating procedures in the winter time.
And of course, they will be allowed to sell alcohol in the school stadium on Vikings game day.
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