Downtown East office project rendering
MINNEAPOLIS - While all the pertinent documentation is not yet in, the chair of the Minnesota Sports Facilities Authority (MSFA) says it appears the Vikings will have no problem meeting the team's financial obligation for its new stadium.
MSFA Commissioners met today in a closed meeting to discuss legal issues consistent with the notice for the closed door meeting. Afterwards, board Chair Michele Kelm-Helgen spoke with reporters, telling them the fact-gathering process is nearly finished.
"We have almost all the information, both financial and legal, that we need to finalize the due diligence review," said Kelm-Helgen. "While the preliminary update given to the board today shows substantial progress, Dorsey and FTI will have to wait for all of the requested information in order to complete their final report. However, based on the information received to date, we have indications that the Team will have the financial capability to move forward with the stadium project.
Kelm-Helgen says the due diligence report is expected to be finalized next week and released to the public.
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