Monday, March 7, 2011

Might Target Stadium be next?

I'm still rather undecided about the possibilities for a new Vikings stadium. Honestly, I don't like the idea of my taxes going up; which of course they will regardless of where it's built (unless of course, the Vikes come up with a county partnership like the Twins did).

Lately, there has been more and more chatter about the possibility of building a new Vikings stadium just west of Target Field. If you know where Mary's Place is, just off of 7th Street, that's where the Vikings are looking to set up camp. I don't like the idea of making Mary Jo Copeland relocate. I so appreciate the work she does for the community; and making her move to make way for a new sports palace, in my mind, is wrong.

Then, there would be the issue of naming rights for the new place. Should it be Target Stadium? You'd have Target Field, Target Center and Target Stadium. In all likelihood, that will not happen.

Here's what I think will play out: as much as I don't like it, the Vikings end up with the Mary's Place property. Target Corp. will back out of the Target Center naming rights deal, which is set to expire in June. Target Corp. having its name on a shiny, new, 72,000-seat stadium is more appealing than a renewing on a 21-year-old basketball arena.

If in fact, the Vikings do end up with that property, the new naming rights deal with Target will occur almost overnight. It's much easier for the Vikings to sell season tickets, suites, advertising and so forth to "Target Stadium" than it is to "New Minneapolis Stadium, future home of the Minnesota Vikings, title sponsor pending."

Think about what Farmers Insurance did. They inked a naming-rights deal with the yet-to-be-built, yet-to-be-groundbroken stadium in LA. LA doesn't even have a team yet, but they have a name for the new stadium. It's really a marketing thing.

Rumors are also circulating that the Vikings are soon to announce their plan to the state Legislature. We shall see what happens over the next few months.

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