Debt on Target Field, home of the Minnesota Twins, could be paid off a decade early thanks to a robust economy generating higher-than-anticipated sales-tax receipts, lower interest rates and refinancing of the original bonds used to back the project. (more…)
MLB and the Minnesota Twins unveiled the 2014 All-Star Game logo, featuring a silhouette of Target Field in front of a downtown-Minneapolis skyline. “The Twins are honored to host the 2014 All-Star Game Events,” said Twins Owner and CEO Jim Pohlad. “Even before opening Target Field in 2010, we dreamed of hosting this incredible event. […]
Here’s why you build ballparks when construction and interest costs are low: the debt on Target Field, home of the Minnesota Twins, has been reduced by $53.7 million after the Minnesota Ballpark Authority took advantage of favorable market conditions. The savings were mostly realized by prepaying variable-rate debt on the ballpark, but having a steady […]
