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MID-AMERICA CHAMBER EXECUTIVES ANNUAL CONFERENCE MAY 4, 2016

Lester bagley MACE 2016 presentation

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Text of Lester bagley MACE 2016 presentation

  • MID-AMERICA CHAMBER EXECUTIVES ANNUAL CONFERENCEMAY 4, 2016

  • 2012 Legislative ResolutionDifficult economy/partisan political environment/election year

    12 year effort

    Coalition of supportBusiness, labor, fans, bi-partisan legislators

    Leadership by DFL Governor Mark Dayton/GOP bill authorsSenator Julie RosenRepresentative Morrie Lanning

    NFL Commissioner Roger Goodell visit

    Stadium advocacy/PR/Grassroots/Social media

    Minneapolis City Council final authorization

    Stadium Development Overview

  • More than 1,400 construction workers on site daily; 6,000 overall

    Nearly 300 Minnesota-based businesses have worked on the project to date

    90% of construction dollars expected to go back to Minnesotans$1.1 Billion project

    Major events already securedSuper Bowl LII (2018) - $300+ million projected economic impact according to Rockport Analytics (Indianapolis)NCAA Final Four (2019) - $200 million projected economic impact according to Meet Minneapolis

    Will vie for College Football Playoff National Championship Game, International Soccer, Concerts, WrestleMania, National Conventions

    Significant Economic Impact

  • $400 million in Wells Fargo/Ryan Companies development

    $100 million in Ryan Companies residential development

    Broader Downtown East developments$191 million HCMC expansion$100 million Sherman developmentMinneapolis set new record as construction for 2014 passes $2 billion (60% increase from 2013)More than 65% of new construction permits in 2014 were issued for North Loop, Downtown East, downtown riverfront and northeast Minneapolis

    Significant Economic Impact

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  • MUCH MORE THAN A GAME 10 Day Festival1 Million + Guests130 Countries33 Languages5,000 Media10,000 VolunteersIntroduce the World to Bold North

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  • WHAT A SUPER BOWL BRINGS TO MINNESOTA$400M in direct economic impact to Minnesota businesses$500M in earned mediaMore TouristsMore EventsIncreased meetings and conventions More highly skilled employeesBusiness Connect OpportunitiesLegacy Healthy Active Children

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  • CELEBRATE WINTER BOLD NORTH STYLEAcross Minneapolis, St. Paul, and Bloomington

    NFL Official EventsSignature Minnesota EventsSuper Bowl Host Committee Events

    CELEBRATE WINTER BOLD NORTH STYLE

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  • SUPER BOWL BOULEVARD

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  • SUPER BOWL LII IMPACT: LEGACY FUND

    SUPER BOWL LII Legacy for our Children

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  • Vikings / Wilf Family Have Acquired Approximately 200 Acres in EaganFormer Northwest Airlines Headquarters 185 AcresShoulder Piece 9 AcresLiving Well Property 5 AcresMixed Use Development

    Ideal SiteProximity to Minneapolis / St. PaulMSP AirportI-494Deep, Rich Property

    Eagan City CouncilAUAR Environmental StudyBusiness AgreementPlanned DevelopmentBuilding Permit

    Minnesota Vikings in Eagan

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  • Part of Broader Development PlanMinnesota Vikings Destination in EaganTeam HeadquartersSpace-challenged in Eden PrairieConsolidate StaffState-of-the-Art FacilityCommunity-FocusedFamily & Fan FriendlyHall of Legends / Team StoreEvent Center5,000-7,000 Seat Football StadiumFriday Night LightsMulti-use FacilityBroadcast Studio / Vikings Entertainment Network

    Vikings Practice Facility / Team Headquarters

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