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City of Minneapolis proposes $895 million Vikings stadium on Metrodome site

ST. PAUL -- Minneapolis proposes building an $895 million Vikings football stadium on the Metrodome site.

The city would pay $195 million, 22 percent of the cost, Minneapolis officials announced at an afternoon news conference today.

Under the plan, the Vikings would pay $400 million and the state would contribute $300 million.

"It is time to finally solve this problem," Minneapolis Mayor R.T. Rybak said. "Today the game has been changed."

The Minneapolis plan would increase parking rates, tax stadium event admissions, extend downtown hotel, restaurant and liquor tax and add a 0.15 percent sales tax, equal to the Hennepin County ballpark tax.

The proposal would also fund a renovation of the Target Center.

The plan comes two weeks before the Minnesota Legislature is to adjourn for the year. Legislative bills to provide stadium funding have been introduced, but no committees have considered them.

The Vikings' Metrodome lease runs out after next season and the team says it will not renew the lease. While team owners say they will not move the team, there is a chance the team could be sold.

Andrew Tellijohn is a Twin Cities freelance writer