MINNEAPOLIS -- The board overseeing construction of the Vikings' new stadium took a long-awaited, crucial step in the 975 million structure's development Thursday, signing off on two important documents that lay out its construction and lease terms.
The Minnesota Sports Facilities Authority ratified the 65,000-seat football cathedral's development and use agreements. The first outlines the stadium's highly-detailed financing and building plans, and the second acts as a lease between the team and the MSFA.
Now that the authority has passed both of them, the Vikings have until Nov. 2 to completely finalize their funding for the project. Assuming that deadline is met, the state can issue associated bonds for its portion, and workers can break ground in mid-November.
It's a date that's been pushed back twice -- first from late October to early November, then from early to mid-November -- but isn't expected to affect the stadium's ultimate completion date. The bulk of construction wor...