BleedGopher
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per STrib:
The upcoming NCAA men's basketball Final Four at U.S. Bank Stadium will cost the public millions more than the Super Bowl did last year.
After reimbursements, the cost of the Final Four to the Minnesota Sports Facilities Authority (MSFA) — the public body that oversees the stadium budget on behalf of taxpayers — is estimated at $10 million, including operations and the blackout curtains required by the NCAA for the tournament.
In contrast, the MSFA paid $627,000 for the Super Bowl last winter.
While there was a cost estimate for the Final Four in the bid the MSFA submitted in 2014, current MSFA Chairman Michael Vekich would only say of the expected NCAA bill: "It's a lot larger — I'll leave it at that."
Vekich explained that the NFL wrote checks to cover public costs, and that the NCAA does not.
The operating cost of this year's Final Four is currently estimated at $6.9 million, a figure that doesn't include the tab for the blackout curtains. The curtains and their installation, needed to keep stadium lighting consistent for all games and practices, will cost the MSFA about $5.2 million. The MSFA has been reimbursed $1.7 million by the Minnesota Final Four Host committee for the curtains, and will receive another $200,000 from the host committee for operations. The committee is expected to raise those funds from private donations, though a spokeswoman declined to discuss the fundraising targets.
http://www.startribune.com/final-fo...dium-millions-more-than-super-bowl/504495932/
Go Gophers!!
The upcoming NCAA men's basketball Final Four at U.S. Bank Stadium will cost the public millions more than the Super Bowl did last year.
After reimbursements, the cost of the Final Four to the Minnesota Sports Facilities Authority (MSFA) — the public body that oversees the stadium budget on behalf of taxpayers — is estimated at $10 million, including operations and the blackout curtains required by the NCAA for the tournament.
In contrast, the MSFA paid $627,000 for the Super Bowl last winter.
While there was a cost estimate for the Final Four in the bid the MSFA submitted in 2014, current MSFA Chairman Michael Vekich would only say of the expected NCAA bill: "It's a lot larger — I'll leave it at that."
Vekich explained that the NFL wrote checks to cover public costs, and that the NCAA does not.
The operating cost of this year's Final Four is currently estimated at $6.9 million, a figure that doesn't include the tab for the blackout curtains. The curtains and their installation, needed to keep stadium lighting consistent for all games and practices, will cost the MSFA about $5.2 million. The MSFA has been reimbursed $1.7 million by the Minnesota Final Four Host committee for the curtains, and will receive another $200,000 from the host committee for operations. The committee is expected to raise those funds from private donations, though a spokeswoman declined to discuss the fundraising targets.
http://www.startribune.com/final-fo...dium-millions-more-than-super-bowl/504495932/
Go Gophers!!