Renovation Deal Quick Hits
$97 million renovation. Minneapolis pays $48.5 million, Timberwolves & Lynx pay $43 million and AEG Facilities pays $5.5 million.
$50 million capital reserve fund.

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The Deal

What to Expect:

A magnificent five-story atrium that provides pedestrians with a connection to the interior of the building that cannot be found in another sports venue.
An attractive and modern arena that enhances the visual appeal for entire neighborhood.
More natural light and spectacular views of Downtown Minneapolis that create an unparalleled synergy between inside and outside.

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Minneapolis City Council Approves Target Center Renovation

MINNEAPOLIS (WCCO) – The Minneapolis City Council gave its final approval for the Target Center’s planned $129 million renovation Friday morning. The approval includes a guaranteed maximum price of $102.8 million in hard construction costs. “We own this city as a people and we are investing in this arena as a city,” Minneapolis Mayor Betsy Hodges said. The

Minneapolis City Council Approves Target Center Renovation Plans

The renovation at Target Center in Minneapolis is officially getting some new life. The Minneapolis City Council on Friday approved the design, cost and schedule for the project. The city council voted 10-3 to approve the $129 million project. In a 10-3 vote, Minneapolis City Council approves the $129 Million renovation to the Target Center. @KSTP pic.twitter.com/sNgIUpdY6h