Posted Oct 28, 2013 1:31 PM
MINNEAPOLIS (AP) -- The Minnesota Timberwolves and the City of Minneapolis have announced a $97 million renovation plan for Target Center.
The long-negotiated plan finally was announced Tuesday and is scheduled to be voted on for approval by the City Council on Nov. 12. The Timberwolves will pay $43 million toward the project, Minneapolis will contribute $48.5 million and building manager AEG will pay $5.5 million.
The parties first announced plans for a $150 million renovation in February 2011 as part of a bill to get the Minnesota Vikings a new football stadium. The total number dropped in the final plan, but there is an additional $50 million capital expenditure fund to keep the building updated going forward.
The deal also extends the Timberwolves' lease at the arena through 2032.
Victor Oladipo blocks Trey Burke's shot during the first quarter.
|Horford to Korver|
Kyle Korver knocks down a deep three pointer during the first quarter.
Brandon Bass forces the turnover and tips it to Avery Bradley who speeds down the lane for the fast break layup.
|Hansbrough's Big Block|
Tyler Hansbrough with a big block during the first quarter.
Norris Cole drives in strong for the layup but Roy Hibbert in the paint is there for the denial.