vikings stadium and sports corridor plan

8/7/2019 Vikings Stadium and sports corridor plan

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SPORTS&ENTERTAINMENTCORRIDORBruceLambrecht6123492775DaveAlbersman6123492778Aron Kahn6512220711


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TheSportsCorridorRevisited

VikingsStadiumSiteComparison

TheSports&EntertainmentCorridor


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RapidPark 1999RapidPark 1999


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Sitetoosmallandnexttogarbageburner


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TwinsBallpark(RenderingbyAlbersman&Armstrong,Ltd. 2000)


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TwinsBallpark(RenderingbyAlbersman&Armstrong,Ltd. 2000)


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TheSportsCorridor(RenderingbyAlbersman&Armstrong,Ltd. 2002)


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TheSportsCorridor 2002 RenderingbyDuncanMalloch


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Vikings StadiumSiteSelection:

Farmers

Market

Metrodome


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FarmersMarketSiteLocation

47 Acres47 Acres


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Metrodome SiteLocation

22 Acres22 Acres


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Issues:

LandAssembly

LandValueInterimLocation

Parking/RoadwayAccess

Busand RailTransit

Skyway System

Bars

and

RestaurantsRedevelopmentNeed

HighestandBestUse

BrandingRights


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LandAssembly FarmersMarket


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LandAssembly Metrodome


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Issues:

LandAssembly



Busand RailTransit

Skyway System

Bars

and

RestaurantsRedevelopmentNeed

HighestandBestUse

BrandingRights

FarmersMarketSite Metrodome Site

+


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CityofMpls LandCost Analysis:

FarmersMarketSite Metrodome SiteLowEstimate HighEstimate LowEstimate HighEstimate

Infrastructure: $69Million $181Million $30Million $70Million

PropertyAcquisition: $47Million $47Million $0 $0

Demolition: $3Million $4Million $3Million $4Million

Totals: $119Million $232Million $33Million $74Million

Difference: $86Million $158Million

more than morethanMetrodome Metrodome

Source: JimNelsonofEberhardt Advisory


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LandValuation Comparison:

FarmersMarketSite Metrodome SiteValue/S.F.1 Value Value/F.T. 1 Value

AssessedMarketValue: $14.84 $16,160,000 $32.58 $35,480,000

RecentSales: $17.25 $18,785,000 NoRecentSales3

50%CostPremium:2 $22.26 $24,241,000 $48.87 $53,220,000

Source: HennepinCountyAssessorsOffice1 Basedon25Acres2 50%increaseoverassessorsmarketvalue.3 Onesale in2001ofbarelandfor$48.sq.ft.


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Issues:

LandAssembly



Busand RailTransit

Skyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse

BrandingRights


+

+


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InterimLocation


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Issues:

LandAssembly



Busand RailTransit

Skyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse

BrandingRights


+

+

+


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FarmersMarketSite Parking

Source: CityofMinneapolis,andaerialsurveyusingGoogleEarthPro


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Garage Parking: 8,000 (55%)Surface Parking: 6,600 (45%)Total Parking: 14,600 (100%)


0 Blocks,

50 Stalls

SITE

Source: City

of

Minneapolis,

and

aerial

survey

using

Google

Earth

Pro


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Average WalkingDistance = 3.2 BlocksAverage WalkingDistance = 3.2 Blocks

0 Blocks,

50 Stalls

SITE


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FarmersMarketSite RoadwayAccess

53% of all

parkinghas directfreeway

access

53% of all

parkinghas directfreeway

access


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Metrodome Site Parking

Source: City

of

Minneapolis,

and

aerial

survey

using

Google

Earth

Pro


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SITE



Source: City

of

Minneapolis,

and

aerial

survey

using

Google

Earth

Pro


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SITE

Average Walking

Distance = 3.6 Blocks

Average Walking

Distance = 3.6 Blocks


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Metrodome Site RoadwayAccess

10% of allparking

has directfreewayaccess

10% of allparking

has directfreewayaccess


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Issues:

LandAssembly



Busand RailTransit

Skyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse


+

+

+

+


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FarmersMarketSite BusandRail

Hiawatha LightRail & Future

Central Corridor

NorthStar

Commuter Rail

ProposedSouthwest Line

to Eden Prairie

Future CommuterRail Extension

RailStations

ProposedBottineau Line

5 Rail Lines5 Rail Lines

Cedar Lake

Bike Trail


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Metrodome Site BusandRail

Hiawatha LightRail Line

Central CorridorLine (2014)

Rail

Stations

2 Rail Lines2 Rail Lines


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Issues:

LandAssembly



Busand RailTransit

Skyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse

BrandingRights


+

+

+

+

+


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FarmersMarketSite SkywaySystem


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Metrodome Site SkywaySystem


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Issues:

LandAssembly



Busand RailTransit

Skyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse

Branding

Rights


+

+

+

+

+

+


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FarmersMarketSite BarsandRestaurants


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Metrodome Site BarsandRestaurants


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Issues:

LandAssembly



Busand RailTransit

Skyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse

Branding

Rights


+

+

+

+

+

+

+


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FarmersMarketSite RedevelopmentNeed


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Metrodome Site RedevelopmentNeed


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Issues:

LandAssembly



Busand RailTransit

Skyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse

Branding

Rights


+

+

+

+

+

+

+

+

F M k Si Hi h d B U


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FarmersMarketSite HighestandBestUse

Metrodome SiteMetrodome Site

Farmers Market SiteFarmers Market Site

F M k Si Hi h d B U


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CentralBusinessDistrict

CentralBusinessDistrict

Riverfront

Housing

Riverfront

Housing

Univ.

of MN

Univ.

of MN

ElliotNeighborhood

ElliotNeighborhood

MedicalMedical

North Loop &Warehouse

North Loop &Warehouse

SportsSports

TheatersTheaters

F M k t Sit Hi h t d B t U


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Housing, Medical

and Educational

Housing, Medical

and Educational

Sports andEntertainmentSports andEntertainment

Metrodome Site


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Metrodome Site

DowntownEast/NorthLoopMasterPlan

Metrodome

VikingsStadium

I


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Issues:

LandAssembly



Busand RailTransitSkyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse

Branding

Rights


+

+

+

+

+

+

+

+

+

B di Ri ht


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BrandingRights:

Stadium

GatesRoadways

FarmersMarket

PlazasTransportationCenter

Other

I


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Issues:

LandAssembly



Busand RailTransitSkyway System

BarsandRestaurants

RedevelopmentNeed

HighestandBestUse

Branding

Rights


+

+ +

+

+

+

+

+

+

+

Summary:


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Selectingthebestlocationismoreimportant

thansimpleimplementation

Agoodlocationwithflawscanberemedied,a

badlocationwithoutflawscannotberemedied

ThestadiumontheMetrodome siteisnot

compatiblewithcurrentemergingdevelopment

FarmersMarketsitewouldgivemuchneeded

boosttothisareaofNorthMinneapolis

Summary:

The Sports and Entertainment Corridor


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TheSportsandEntertainmentCorridor

The Sports and Entertainment Corridor 2011


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TheSportsandEntertainmentCorridor 2011

Metrodome

VikingsStadium

The Sports and Entertainment Corridor 2011


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FarmersMarket

FutureTransit Center Energy

Resource

Center

FootballFootball

BaseballBaseball

BasketballBasketball

TheSportsandEntertainmentCorridor 2011

TwinsPlaza

Future LRT Extension

VikingsPlaza

LRTStation

Target Field

Station

Theater,

Entertainment,Casino

Theater,

Entertainment,Casino


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Greatideas drawcapital.

vikings stadium and sports corridor plan

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