SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Wilf's Share of $975 Million Vikings Stadium Discussed

Wilf's Share of $975 Million Vikings Stadium Discussed

(AP) Stadium chief: Vikings should be able to pay share
MINNEAPOLIS
The Minnesota Vikings shouldn’t have any trouble paying for their share of a new $975 million stadium, the chairwoman of the public authority managing the project said Wednesday.

Authority chairwoman Michele Kelm-Helgen revealed preliminary results of a financial review conducted after a New Jersey court ruling against team owners Zygi and Mark Wilf, which found they defrauded a partner in an unrelated development deal. The Minnesota Sports Facilities Authority met in private to discuss an ongoing due diligence review of team finances.

Kelm-Helgen said the review is likely to be finalized by next week. But she said financial and legal documents so far indicate the Vikings should be able to cover their $477 million share of the stadium.

The Wilfs’ legal troubles, and the ensuing review, have ignited worry about the stadium’s construction timeline. The financial review prompted the Vikings to temporarily halt negotiations with the stadium authority over lease and development agreements, but the team released a statement Wednesday afternoon suggesting the talks could now continue.

Stadium planners are hoping for a groundbreaking in early November, and any delays in the schedule threaten to increase costs to taxpayers, who are covering a total of $498 million in construction costs.

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x