Timberwolves and Mpls officials unveil $100 million Target Center renovation plan
With a Target Center renovation agreement in place, it might not look like a spaceship crashed into downtown Minneapolis for much longer.
This morning, Timberwolves and Minneapolis officials finally unveiled their long-promised plan to renovate the Target Center.
SEE ALSO: Timberwolves reportedly eyeing Block E for new practice facility
The $97 million plan includes a $48.5 million contribution from the city, $43 million from the Timberwolves and Lynx, and $5.5 million from AEG.
Eric Roper tweeted out this photo of an informational flier distributed to attendees at today's news conference:
$100 Target Center deal finally unveiled. Also includes extra $50 million for ongoing cap improvements pic.twitter.com/N4PkEcyB6G-- Eric Roper (@StribRoper) October 28, 2013
As MinnPost reports , the Vikings stadium bill approved by the legislature last year allows Minneapolis to redirect some sales tax revenue to pay for the city's share of the renovation.
The Target Center cost $104 million to build and opened in October 1990.
Here's a Minneapolis rendering of what a renovated Target Center will look like:
-- Follow Aaron Rupar on Twitter at @atrupar. Got a tip? Drop him a line at email@example.com.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss City Pages' biggest stories.