It continues to appear that Minneapolis will be the site of a new Timberwolves and Lynx arena. “This team will never leave here. We’re going to build down the street (from Target Center),” Alex Rodriguez told Sports Headliners almost two years ago.
At the time Rodriguez and partner Marc Lore were in litigation with Glen Taylor for control of the Wolves and Lynx franchises. Since then, the two have taken control of the franchises with Taylor no longer involved with ownership.
During an event at the University of Minnesota Carlson School of Management in February Rodriguez voiced his commitment to downtown, per a story by Jonathan Harrison on Si.com. A city insider, speaking on condition of anonymity, recently confirmed that commitment to Sports Headliners.
The source said Mayor Jacob Frey has shown a willingness to listen regarding a new arena. The insider added that Frey has appointed senior city officials to meet with basketball ownership representatives.
The source acknowledged much of the details regarding the project are yet to be known or committed to. Sources two years ago said or implied the arena site would be the Farmers Market near downtown. Neither Rodriguez or Frey has revealed a location.
Speculation about locations include City Center, the Star Tribune land in the North Loop and the Farmers Market. Regardless of location, it’s expected that the arena will be mostly or entirely privately financed.
Target Center, now owned by the city, was originally privately financed by Marv Wolfenson and Harvey Ratner. They bought the NBA expansion Timberwolves who began playing in 1989-1990, with their first season in the Metrodome before moving into the new Target Center. Wolfenson was proud of the city and initially considered naming the team the Minneapolis Polars, the nickname being a nod to his high school alma mater, the North Polars.
The city assumed ownership in 1995 with a deal made with Wolfenson and Ratner. Over the years city officials have realized the tax and parking revenue value of downtown sports and entertainment venues. During COVID, for example, the city coffers would have been badly hurt without Target Center, Target Field, U.S. Bank Stadium and theatre venues.
It’s believed the city and the basketball owners favor an arena anchoring an entertainment district. That sort of development will need public financing for endeavors such as land acquisition and roads.
While the city council has a less than enthusiastic reputation regarding big business, Frey could provide evidence to sway votes for some public funding. The State of Minnesota could issue bonds to help with an entertainment district project as an investment in jobs and tax revenues while trying to keep the state’s largest city safe and vibrant.
The Sports Headliners source referred to believes the state is likely to approve something like $200 million this spring to help renovate the home of the Wild, Grand Casino Arena and other facilities. That will help continue a precedent of state involvement with sports facilities in the Twin Cities.
The building of a new arena in Minneapolis could be five to eight years into the future. That time period could well coincide with the leadership of a new governor, likely Amy Klobuchar.
The source predicts that 2027 would be the earliest any plan is taken to the Legislature and Klobuchar could be supportive. The insider said Klobuchar recognizes the benefits of big-time sports including revenues that will benefit the city and state.
Target Center is the 29th oldest NBA arena, exceeded in age only by venerable Madison Square Garden in New York. The facility doesn’t begin to compare with other modern palaces in the league that are creating significant revenue returns for team owners and communities.
Worth Noting
Vikings’ safety Harrison Smith has yet to announce whether he will play next season. What’s certain is there won’t be many more seasons ahead for the 37-year-old. At the No. 18 spot in the first round of this month’s NFL Draft, the Vikings might find it too tempting to resist Oregon safety Dillon Thieneman. He has size, speed and versatility, and is likely to be available in the 15 to 32 range of the first round.
It doesn’t take much noodling to figure out why University of Minnesota athletics director Mark Coyle parted ways with women’s hockey coach Brad Frost last month. The Wisconsin Badgers recently won a record ninth national championship, while the Gophers have won six NCAA titles and none since 2016. New Gopher hire Greg “Boom” May faces the highest of expectations with Coyle on record as saying the Minnesota position “is the best coaching job in the country.”
Minnesota icon Dick Jonckowski will do comedy and play his trombone kazoo starting about 8:30 p.m. April 11 at Mancini’s Char House in St. Paul, appearing prior to the Mancini’s band. “The Polish Eagle,” 82, has been entertaining at nursing homes and said he doesn’t take offense when audience members nod off.
Former Gopher basketball player Walter Bond and his wife Antoinette have co-authored a new book: “Accelerate a Champion’s Playbook to Fast-Track Your Business Success.” Bond is a longtime popular motivational speaker.