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2011_0718_packet
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2011_0718_packet
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MYTH VS. REALITY -ARDEN HILLS STADIUM SITE <br />The Minnesota Vikings have been engaged in seeking a new stadium for nearly a decade. <br />Dulrin�g that time, Min�n�esotan�s have expressed a desire to keep the team here, bust a stadium <br />solution has been elusive. <br />In May, the Vikings an�n�ouln�ced a partnership with Ramsay Couln�ty that wound bulild a new state- <br />of -the -art stadium on land once used by the military for the Twin Cities Army Ammunition Plant <br />(TCAAP . This is a 4,3,0-acre site located near two of the Twin Cities major freeways — <br />Interstates 3,5W and 694,. <br />MYTH #11: The development and economic growth opportuln�ities related to the stadium project <br />will be short - lived. <br />REALITY: <br />• Stadium construe tion will take approximately three years and will provide 7,500 <br />construction jobs. <br />• The project will sulpport a total of 13,,000 fulll- and part -time jobs. <br />• One of the advantages to the Arden Hills site is available space and opportuln�ity for <br />related development. The vision for the area includes a convention cen�ter/h�otel complex <br />and a corporate campus, in addition to the stadium. This additional development will <br />provide construe tion jobs for many years. <br />MYTH #2: Infrastructure costs are too high at the Arden H ills site. <br />REALITY: <br />• The (Minnesota. Department of Transportation has estimated road and highway <br />infrastructure improvements wound cost $13,1 million — bust that figure includes a 3,0% <br />9ccon�tin�gen�cy"' amount, meaning actual costs coulld be closer to $100-110 million. <br />• These infrastructure improvements wound be similar to the improvements in the 1-4,94 <br />and Hwy. 77 area related to the Mall of America development. <br />• Many of these improvements wound need to take place regardless of the type of <br />development that occurs at the TCAAP site. <br />• These infrastructure improvements will benefit everyone who culrren�tly travels through <br />the area, including cabin owners in Northern (Minnesota, residents in the immediate area, <br />and employers in the Northern Ramsey Couln�ty com�m�uln�ities. <br />MYTH #3: Taxpayers will be requlired to pay for cost overruln�s at the site and the owners will <br />benefit from selling after the stadium is bulilt. <br />REALITY: <br />E <br />1 Prepared by Ramsey County I Updated July 8, 2011 <br />
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