Question
The article under required readings entitled Progress, Pain for Vikings Stadium in 2015 describes the construction progress of the U.S. Bank Stadium in Minneapolis, Minnesota
The article under required readings entitled Progress, Pain for Vikings Stadium in 2015 describes the construction progress of the U.S. Bank Stadium in Minneapolis, Minnesota as of a point in time. One of the items highlighted in the article is the costthere were some staggering numbers cited by the author in terms of cost overruns! For example, the author states in one year, the project costs had increased by $65 million for a total cost increase from $1.026 billion to $1.091 billion. Since there are public monies being utilized for approximately half of the cost of the facility, there is an entity overseeing the construction on behalf of the public.
The board of this entity approved budget increases at 10 out of 12 meetings in a 12-month span of time. The remaining cost is being funded by the NFL franchise, the Minnesota Vikings. Even though the Minnesota Vikings have absorbed a large amount of the cost overruns, it is likely possible that state and city taxpayers are concerned that such a large project with a relatively short construction window (31 months) given its size could have been under-budgeted to this degree.
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