NFL Awards Vikings $200M Loan for Stadium
The NFL has approved a low-interest loan to the Vikings for $200 million.
AM1500 ESPN's Tom Pelissero broke the story at the NFL winter meetings in Arizona. The $200 million will go toward the team's share of $477 million for the new stadium.
It can be paid back over a period of 15 years, but could be extended to 25.
We also learned Monday night that the Vikings have submitted their applications to host the Super Bowl after the 2017, 2018, or 2019 seasons.
Work will begin in the next couple months on renovations at TCF Bank Stadium to get it ready for NFL play. The Vikings will play there in 2014 and 2015.
To accommodate all the season ticket holders, 3,500 seats will be added.