Project Details

✔ Project has been published!

Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: March 2, 2010

Project Name: Twins Stadium Minneapolis (Target Field)
Year in Operation: 2010
Sector: Buildings
Subsector: Sports Venue
Status: In Operation
Type: New Facility
Description: Design and construction of new home baseball park for the Minnesota Twins in Minneapolis, MN, with a capacity over 39,000. The $522 million facility (including infrastructure upgrades) is financed through equity contributed by the Twins ($125+/- million) and $392 million in a public subsidy provided through a dedicated sales tax increase levied by Hennepin County.
Delivery Method as described in the country where it's located: Design Bid Build
Is the project still active: Yes
Comments: The facility was designed by Populous (formerly HOK Sport) and built by Mortensen Construction. The ball park will be operated by the Minnesota Ballpark Authority on behlaf of the public.

Project Locations

Address: 1 Twins Way
City: Minneapolis
State: Minnesota
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Hennepin County obtained the land through eminent domain, after placing $13.75 million in escrow. A suit over the value of the land taken was settled for approximately $29 million. A new public entity, the Minnesota Ballpark Authority, was established to oversee design and development and to operate the facility for the public.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: $392 million through imposition of a Hennepin County dedicated increase in the sales tax of 0.15%. Total ballpark cost is $412 million.

Checkbox Checked

From Producers as Equity: Twins contribution of $125 million, which was increased to $167.4 million through upgrades to the original design.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
5
0
Forms
Description
Other
Format agreed between new public authority and the team. 

Project Value (If and As Known)

Date of Estimated Project Value: August 30, 2007
Project Value
Hard Cost
Hard & Soft Costs
Construction
$250 Million - 1 Billion US
(none)
Total
$500 Million - 2 Billion US
(none)

Warning!!!

You are about to delete: .

Confirm Deletion Cancel