Nov 13, 2013 at 4:11 am
MINNEAPOLIS (AP) — The Minneapolis City Council has approved an agreement with the Minnesota Timberwolves and Lynx to renovate the Target Center, one of the NBA's oldest venues.
The $97 million renovation of the 23-year-old, city-owned Target Center includes a redesign of the outdated exterior, additional clubs and gathering spaces, as well as improved traffic flow.
The Timberwolves and Lynx will pay $43 million toward the project. The city will contribute $48.5 million and building manager Anschutz Entertainment Group Facilities will pay $5.5 million. As part of the deal, the Timberwolves will extend their lease at Target Center through 2032.
The design of the building will take place this winter, with construction expected to begin after the 2013-14 Timberwolves season.
Talks about renovating the Target Center began in February 2011.Warning: include(): Unable to allocate memory for pool. in /var/www/vhosts/knsiradio.com/concrete/core/libraries/block_view.php on line 321 Warning: include(): Unable to allocate memory for pool. in /var/www/vhosts/knsiradio.com/concrete/core/libraries/loader.php on line 88
Temp: 58°F (14°C)
Wind: 12 NW
Sat October 25, 2014
Sun October 26, 2014
Mon October 27, 2014
Tue October 28, 2014
Sat November 1, 2014