In downtown St. Paul, a major remodel of Grand Casino Arena, Roy Wilkins Auditorium and the adjoining RiverCentre convention center would cost $600 million, with funding potentially split between a $200 million request from the state Legislature and $162.5 million each from the city and the Minnesota Wild.
The remaining $75 million — for the Roy Wilkins Auditorium — would come from an as-yet-undetermined source.
The team, in turn, would agree to a lease extension, cementing its presence in downtown St. Paul past the expiration of the Wild’s current lease in 2035.
Mayor Kaohly Her and the Wild’s leadership were expected to announce those and other details Tuesday morning during a news conference downtown.
‘One of the largest city-owned assets’
Difficult discussions with lawmakers are yet to come.
The new framework agreement to fund renovations at the city’s 25-year-old sports, concert and convention venue relies heavily on state support, at a time when the state enjoys a budget surplus that could easily disappear in light of federal funding cuts and other uncertainty in the economy.
“Grand Casino Arena is one of the largest city-owned assets, and we are responsible for making sure it continues to anchor our downtown and economy,” said Her, in a written statement. “Now we will take this proposal to the Legislature and ask for their support. I look forward to that conversation.”
The mayor’s office noted the plan does not require raising city property taxes.
Instead, the city would draw its $162.5 million for the project from an extension of St. Paul’s existing half-cent sales tax, which already supports the arena, and the Wild would be responsible for any cost overruns on the overall project.
The framework agreement leaves $75 million as yet unaccounted for to fund the modernization of the Roy Wilkins Auditorium in a second phase of construction, though the city has indicated it would work with the Wild to figure out how to cover that remaining sum.
The split
Negotiations with the team began within weeks of Her winning an upset election last November, according to the mayor’s office, which released a statement indicating “both parties worked in good faith to craft a solution that balances the arena’s operational needs, maximizes efficient use of taxpayer dollars, avoids raising property taxes, and preserves and reinvests in one of the city’s largest publicly owned assets that generates millions in direct tax revenues and produces millions more in economic impact from users across the state and country.”
Here’s how the numbers break down:
The arena complex renovation and improvement project would cost a total of $600 million. That includes $450 million for Grand Casino Arena and a combined $150 million for the RiverCentre and Roy Wilkins Auditorium.
The agreement includes a $200 million request to state lawmakers, spanning $125 million for Grand Casino Arena and $75 million in total for the RiverCentre and Roy Wilkins Auditorium.
The city will finance $162.5 million for Grand Casino Arena using an extension of its longstanding half-cent sales tax, of which up to 40% can be dedicated to capital improvements at the arena complex.
The team would privately finance $162.5 million for Grand Casino Arena.
The city will work with the Wild as a preferred partner to fund the remaining $75 million for the Roy Wilkins Auditorium, the primary target of the renovation’s second phase.
The Wild will continue to be responsible for the ongoing management of the arena, and they’d agree to a lease extension. The team will pay ongoing rent and payment-in-lie-of-taxes payments for the use of the public facility.
“Both the city and the team are committing to significant ongoing asset preservation investments over the term of the lease,” reads the announcement from the mayor’s office.
Wild owner: Arena booked 150 nights a year
In a statement, Wild owner Craig Leipold noted the arena has been the Wild’s home since 2000, and is booked for events 150 nights per year, more than any other major venue in the state.
“Like any 25-year-old building, it’s ready for an update and we’re ready to invest – in the fan and visitor experience, in the event space, in safety and accessibility,” he said. “We are thrilled that Mayor Her shares our vision for creating an improved entertainment district in downtown St. Paul and is moving this project forward.”
Members of both political parties have cooled on the prospect of public funding for sports stadiums in light of other competing priorities, but the mayor’s office has emphasized that Grand Casino Arena hosts much more than professional sports.
The combined complex doubles as the city’s convention center, concert venue and a gathering place for state high school tournaments and cultural events such as Hmong New Year’s celebration.
Efforts for funding failed in 2025
Efforts to convince state lawmakers for major remodeling dollars for Grand Casino Arena were met with a cool audience a year ago when Leipold and then-Mayor Melvin Carter presented plans for a $769 million renovation, which would rely on nearly $400 million from state appropriations bonds.
With those discussions going nowhere, the city and team dropped the project to a $488 million upgrade, freezing planned improvements to the RiverCentre and the Roy Wilkins Auditorium, and lowered their ask to the state to $50 million. The smaller bonding request still did not move the needle.
The city’s attempt to secure $2 million in planning and pre-design funds from state lawmakers was unsuccessful in 2024.
On Friday, state economists forecast a $3.7 billion budget surplus for the 2026-2027 two-year budget cycle, though those numbers could change dramatically in light of federal funding cuts and other factors, such as the state of the overall economy. Gov. Tim Walz said Friday he expected to release a supplemental budget request and state bonding proposal within weeks.
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