Vikings stadium rendering
MINNEAPOLIS - Minnesota Vikings fans will pay an average of $2,500 for the right to buy a season ticket in the team's new stadium.
The seat licenses are part of contracts negotiated with the team and made public Thursday.
Minnesota Sports Facilities Authority Chair Michele Kelm-Helgen said the licenses will be required for three-quarters of the stadium's 65,000 seats.
The licenses are expected to generate $100 million dollars of the $477 million dollar Vikings portion of the new stadium cost.
"The fewer seats you do seat licenses , the most expensive those seat licenses become," said Kelm-Helgen. "So we really weighed the pros and cons between having more seats, 75% as covered by seat licenses, and having I think an average price of $25 hundred dollars is a Minnesota program. I think it makes it much more affordable."
Kelm-Helgen said that license purchasers will be able to spread the cost out over three years with no interest on the payments. After that, there would be interest charged.
The seat licenses could start as low as $500 and will range up to $10,000.
The licenses are part of two key stadium development agreements. Those agreements don't cap what the Vikings can charge for the tickets themselves.
Governor Dayton joined the news conference and said that "if it was up to me personally" there would not be "one dollar" for a license, but he "understands the reality of professional sports."
Dayton praised the Stadium Authority staff for getting the "best deal" they could.
Governor Dayton had warned the Vikings against excessive seat-license costs. He says he doesn't like licenses but the state had to make a deal.
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