Minnesota state in the US and the owners of the Vikings football team have signed an agreement to build a $975m "People’s Stadium" on the current Metrodome site in downtown Minneapolis, Minnesota.
The stadium will be built on existing Metrodome land, adding a game-day plaza on the stadium’s west side.
Minnesota Governor Mark Dayton said: "This agreement results from countless hours of analyses, discussions, and negotiations."
"The project would provide up to 8,000 construction jobs and an additional 5,000 jobs among suppliers during its three years of construction, employ many more through its ongoing operations, and keep the Minnesota Vikings here for the next 30 years – all without using a single dollar of General Fund tax revenues," Dayton said.
The 1.5 million square feet stadium will include a fixed-roof to allow year-round activities and will have the capacity to accommodate 65,000 spectators, expandable to 72,000 to host the Super Bowl.
Vikings chairman Zygi Wilf said: "We believe this proposal offers significant benefits for the city, the state, our fans and the team, as we look forward to working with the city of Minneapolis and the state legislature to pass a stadium bill this year."
The new stadium includes an open plaza, optimised sideline seating, wide concourses, more bathrooms, increased and enhanced concessions, space for pre-game events and activities, a team store and 2,500 parking spaces adjacent to the stadium.
The stadium’s design scheme will include an attractive and functional interior that is similar to the baseball park of Target Field in downtown Minneapolis.
The new stadium will be owned and operated by an authority comprised of three members appointed by the Minnesota governor and the city.
The agreement, which still needs to be approved by the state legislature and Minneapolis City Council, calls for the state government to contribute $398m, the city of Minneapolis $150m and the Vikings $427m to the project.
The new stadium is expected to open in 2016.
Image: The new stadium will reportedly include an open plaza, optimised sideline seating, wide concourses and 2,500 parking spaces. Photo: Minnesota Vikings.