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After hard work from all sides involved, the City of Minneapolis, the Minnesota Timberwolves and Lynx and Anschutz Entertainment announced this morning that they have agreed to a deal to renovate the Target Center.
Minneapolis mayor R.T. Rybak and Timberwolves and Lynx owner Glen Taylor broke the news in front of media members in the main ticket office at the Target Center.
“The new Target Center will be stunning. I am thrilled that Timberwolves and Lynx fans will soon have a first class experience when they come to our games,” Taylor said. “This is a fair and sensible solution. Target Center has a perfect location and good bones, so we’re excited about building something truly special on that strong foundation.”
The goal of the renovation is to have an arena to match the excitement that the Timberwolves and Lynx have brought to the Twin Cities area. The move also solidifies that the Timberwolves and Lynx will stay in Minneapolis until at least 2032.
This is a move that benefits both teams, fans and the community. The Target Center, 23 years old, will be renovated in phases with construction beginning after this NBA season. There will be improvements throughout the process and is expected to be finished in 18-24 months. The construction will not interfere with the Timberwolves or Lynx seasons.
“We think it’s very important to have the Timberwolves and Lynx seasons continue and concerts continue,” Rybak said. “… A lot takes place behind the scenes in a building like this and it means that now as we make sure that we have a great new life for this, we make improvements with those producers of shows, with those shows behind the scenes.”
There are many things that will be renovated including but not limited to seats, stages, the ticket office, restrooms and the outside of the building. Taylor noted other changes could happen, but didn’t want to speculate until a design was approved. There will be additional clubs and gathering spaces, as well as improved traffic flow.
The initial renovation is for $97 million, with a $50 million capital fund for ongoing movements, ensuring the Target Center remains a first-class arena for years to come.
While the players won’t be sitting in the seats or using the fan bathrooms, they will also be impacted positively from this move. Fans have given both teams great homecourt advantages throughout the years and with an improved venue, the hope is to further maintain that homecourt advantage.
“The fans are really important to us, as you can see, especially by our history of homecourt advantage.” Taylor said. “If we can keep the fans here, keep them excited, I think it just helps us to win at home which overall gives us a better winning record.”
The renovation will also add features necessary to attract the best national entertainment acts to the upper Midwest, such as better premium seating, loading docks, lighting and sound equipment. Along with that, the renovation is expected to put about 850 people to work on construction jobs.
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