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New Vikings Stadium Construction

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The Vikings' lease with the Metropolitan Sports Facilities Commission (MSFC), as signed by both parties in August 1979, kept them in the Metrodome until 2011. The lease was considered one of the least lucrative among NFL teams; it included provisions where the commission owned the stadium, and the Vikings were locked into paying rent until the end of the 2011 season. For several years prior to the Metrodome's demolition, however, the Metropolitan Sports Facilities Commission waived the team's nearly $4 million rent. The Vikings paid the MSFC 9. 5% of their ticket sales; the commission "reserve[d] all rights to sell or lease advertising in any part of the Stadium," the team could not use the scoreboard for any ads, and the team did not control naming rights for the building. Though the Vikings received revenue from the sale of luxury suites during the Minnesota Twins baseball season (a contributing factor to the Twins leaving the Metrodome for Target Field in 2010), the commission controlled the limited parking and its revenue and paid the team 10% of all concession sales while retaining roughly 35% of concessions sold during Vikings games. The Vikings were 30th out of 32 NFL teams in local revenues in 2005. The Vikings, as well as the stadium's other tenants, continually turned down any proposals for renovating the Metrodome itself. A plan for a joint Vikings/University of Minnesota football stadium was proposed in 2002, but differences over how the stadium would be designed and run, as well as state budget constraints, led to the plan's failure. The university would eventually open its own TCF Bank Stadium in 2009.

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