Stadium chief: Vikings stadium share looks sound - WXOW News 19 La Crosse, WI – News, Weather and Sports |

Stadium chief: Vikings stadium share looks sound

MINNEAPOLIS (AP) - The chairwoman of the public authority managing Vikings stadium construction says preliminary results of a financial review shows the team has the financial capability to cover its share.

The Minnesota Sports Facilities Authority met in private Wednesday to discuss an ongoing due diligence review of team finances. It was prompted by a recent New Jersey court ruling against team owners Zygi and Mark Wilf, which found they defrauded a partner in an unrelated development deal.

Authority chairwoman Michele Kelm-Helgen says the review by a private attorney is likely to wrap up next week. But she says financial and legal documents so far indicate the Vikings shouldn't have any trouble covering their $477 million share of the $975 million stadium.

Stadium planners are hoping for a groundbreaking in early November.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WXOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Theresa Wopat at 507-895-9969. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at