Marc Lore wants a new arena for the Timberwolves and Lynx
It's a question almost as old as time: A new professional sports team owner comes to town and he wants to build a new stadium. Will taxpayers pitch in?
Driving the news: Soon-to-be Timberwolves/Lynx owners Marc Lore and Alex Rodriguez were introduced to fans Monday at a press conference, and Lore said he wants to eventually build a new arena from scratch.
- "There's a great opportunity to eventually build a new arena and infuse it with the latest technology," Lore said. "Some of the things that really excite us, for example, augmented reality, could be incredible to fuse that into the fan experience."
The intrigue: Lore this month shared grandiose visions he has for building a $500 billion "city of the future" somewhere in the desert, so it's no surprise he would want a fanciful new arena for the Wolves.
Yes, but: It was just four years ago that crews finished a $140 million renovation of Target Center that cost taxpayers $74 million and was meant to extend the life of the arena by another 20 years.
What to watch: It's unclear how soon Lore wants a new arena or how much, if any, he would ask from taxpayers to help pay for it. And Rodriguez said "we have no plans to move" the teams.
- But plans can always change when pro sports owners don’t get new facilities.
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