Premium seat waiver could help finance new Vikings stadium

Under the waiver, Vikings owner Zygi Wilf is exempt from sharing gate revenue generated by premium seating if this money is invested into the new stadium.

Article Synopsis:
 
While NFL owners continue to lockout the league's players, the Minnesota Vikings are making progress towards financing a new stadium in Minnesota. Governor Mark Dayton recently met with NFL commissioner Roger Goodell to discuss the idea of a new stadium and what it would take to begin the process of constructing one to replace the Metrodome.
 
While the actual dollar amount has not been disclosed, there is an apparent "gap" in funding to begin the proposed $1 billion-plus dollar project. The NFL's "premium seat waiver" for owners building new stadiums should help close the gap. The role of this waiver is to provide an owner who invests in a new facility with all incoming revenue associated with premium seating that would normally be shared with visiting teams. So typically, the home team keeps only 66% of ticket income with the rest going to the visiting organization. The money brought in through the premium seat waiver can only be used in financing the new venue and not for personal gain.
 
 
 
Share this