- Associated Press - Friday, February 19, 2016

MINNEAPOLIS (AP) - The Minnesota Sports Facilities Authority has agreed to pay the company building the new Minnesota Vikings stadium $16 million for cost overruns even though the final figures are still being tallied.

The authority is overseeing construction of the $1.1 billion stadium and approved the payment Friday to resolve a mediation claim by Mortensen Construction. The MSFA estimates that the overruns could reach between $26 million and $29 million by the time the stadium is finished at the end of July.

Minnesota Public Radio News (https://bit.ly/1oxBAiq ) says the stadium authority already has the cash on hand to pay the settlement. The project budget includes a contingency fund of more than $30 million.

The cost overruns involve ongoing changes on the project, such as electrical services, material upgrades or unexpected elements of the original plan.


Information from: Minnesota Public Radio News, https://www.mprnews.org

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