The Minnesota legislature has put off a new Viking stadium once again by spending two million dollars on yet another study on where to build the stadium. The proposal will be discussed in January of 2009. That sound you hear are the last of the nails being hammered in the franchise formerly known as the Minnesota Vikings.
The Vikings lease on the Metrodome expires in 2011. That’s three years from now. It takes a minimum of two years to build a new stadium. That is, if construction and land contracts and agreements are already in place.
Here’s Viking Thunder’s Time Line Scenario:
Minnesota legislature discusses the proposal of a new stadium for the Vikings. An agreement cannot be reached because of snags on parking, location, and the funding of the stadium. The discussion is pushed back another three months.
After intense negotiations, an agreement to build a new stadium on the site of th metrodome is reached. Construction will begin after the 2009 NFL season concludes.
Vikings make playoffs delaying the stadium construction another month.
Stadium construction begins. With the harsh winters, expected completion date is November 2012 or nearly two and a half years.
But none of that is going to happen Viking fans. Current Viking owner Zygi Wilf stands to make millions selling the team or more millions by simply walking away from Minnesota and moving the team to a new state, say, California, to the city of Los Angeles, (The largest television market) and have the city build them a new stadium. In fact, Los Angeles is already advertising just that. We will build the stadium if you come and play there.
Wilf paid approximately $600 million for the Vikings. he understands if he sold the team with a new stadium, the selling price would be $1 billion. That’s $400 million for those not doing the math. That is a hell of a profit margin.
The Minnesota legislature had their chances to keep the Vikings in state. Plenty of chances. Over ten years of chances. Viking fans need to get accustomed to cheering for their new team, the L.A Vikings!
Catchy isn’t it.
LURKING ON THE GRASSY KNOLL