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Deal to build Vikings stadium in Minneapolis announced

DFL Gov. Mark Dayton and the Minnesota Vikings announced an agreement this morning to build a new Vikings stadium near the Metrodome in Minneapolis.

The Vikings stadium plan unveiled at a March 1 press conference.

DFL Gov. Mark Dayton and the Minnesota Vikings announced an agreement this morning to build a new Vikings stadium near the Metrodome in Minneapolis that would be open by 2016.

The agreement, reached after days of closed-door meetings, still needs to be approved by the Legislature and the Minneapolis City Council.

Under the $975 million stadium plan, the Vikings would pay at least 50 percent of the construction and operating expenses. The plan calls for the state to kick in $398 million, the city of Minneapolis would contribute $150 million, and the Vikings or other private sources would pay $427 million. The stadium would be owned by a new stadium authority, appointed by the governor and the city of Minneapolis.

MinnPost’s David Brauer examines what the stadium deal will mean for the Star Tribune’s property.

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MinnPost will have expanded coverage of the stadium plan later today.