Why a new stadium during tough economic times?
The Vikings believe this project is an economic impact and job-creation package. As Conventions, Sports & Leisure, International (CSL) and Mortenson Construction reported in a 2009 Jobs and Economic Impact Analysis related to a new facility, this project will create 7,500 construction jobs and support approximately 13,000 jobs during the construction period. Over 4.2 million man-hours will be needed over the life of this project, and over $286 million will go toward construction wages. In addition, the fabrication of project materials (cost estimated at $467 million) will create a separate substantial number of jobs and wages. Of the total materials and labor subcontract value ($754 million), 95% is expected to go to local tradespeople within Minnesota. Upon completion of the facility, 3,400 full and part-time jobs will be supported and over $26 million will be generated per year in tax revenue. Acting now also allows Minnesota to benefit from lower construction and financing costs.
