$1.4 Million owed to Minnesota Vikings from Suite Lease Holder
The Minnesota Vikings want Hennepin County District Court to order a suite lease holder at U.S. Bank Stadium to pay more than $1.4 million to the team.
According to records from the case, the Vikings claim that a Fargo, North Dakota based entity by the name of Stadium Entertainment Partners agreed in August 2016 to lease a suite at U.S. Bank Stadium for the 2016/2017 football season through the 2022/2023 season. Stadium Entertainment Partners had a turf suite, which is a suite on the ground floor that has a field-level patio. Allegedly the company stopped making payments in the middle of their lease.
The Vikings submitted claims to the American Arbitration Association last April. The AAA ruled in the Vikings’ favor in September for the amounts of:
- Legal damages: $1.3 million
- Prejudgment interest: $52,012
- Attorneys’ fees and costs: $25,061
- Administrative fees and expenses of the arbitration association: $7,700
- Compensation and expenses of the arbitrators: $4,668
In addition to the suite lease matter, U.S. Bank Stadium still has elements of its construction and design that are being disputed, although the stadium opened nearly four years ago. The Star Tribune reports that the Minnesota Sports Facilities Authority remains in confidential mediation with “multiple parties involved in the design and construction of U.S. Bank Stadium.” The Vikings said the team is also involved with talks.