St. Paul and Minnesota Wild Scale Back Xcel Energy Center Renovation Plans Amid Funding Challenges
In a significant shift, the City of St. Paul and the Minnesota Wild have announced a scaled-back renovation plan for the Xcel Energy Center complex, reducing their request for state funding. Originally, the ambitious $769 million project aimed to revitalize the 25-year-old arena, the adjacent Roy Wilkins Auditorium, and the RiverCentre convention hall, with the state covering approximately $395 million of the cost. Reuters+8Axios+8Star Tribune+8
However, facing budget constraints and legislative skepticism, officials have revised their proposal. The updated plan now seeks a reduced amount from the state, though exact figures have not been disclosed. The Minnesota Wild have committed to contributing $215.8 million, while the city and local partners plan to provide $158.8 million. Axios+5Saint Paul Minnesota+5KSTP.com 5 Eyewitness News+5
Economic Impact and Project Scope
Mayor Melvin Carter emphasized the project’s potential to boost the local economy, projecting an increase in annual local spending by $110 million and the creation of approximately 2,300 union construction jobs. The renovated complex is expected to host over 400 events annually, attracting more than 2 million visitors each year. Star Tribune+8Saint Paul Minnesota+8KSTP.com 5 Eyewitness News+8
The proposed renovations include modernizing the arena’s infrastructure, enhancing accessibility, and adding new public-facing amenities such as restaurants and rooftop patios. These upgrades aim to transform the complex into a vibrant entertainment district, drawing visitors even on non-event days. Star Tribune+1MPR News+1Saint Paul Minnesota+2Axios+2Reuters+2
Legislative Hurdles and Alternative Funding
Despite the projected economic benefits, securing state funding has proven challenging. Senate Capital Investment Committee Chair Sandy Pappas expressed concerns over the state’s financial capacity to support the project, suggesting alternatives like a ticket surcharge to generate revenue. Axios+1Star Tribune+1Axios+3Axios+3Reuters+3
The state’s bonding bill, projected at $700 million for various construction projects, faces numerous competing demands, including infrastructure maintenance and educational facility upgrades. This financial landscape has made it difficult for the Xcel Energy Center renovation to secure its initial funding request. Star Tribune
Future Outlook
While the scaled-back proposal reflects fiscal realities, city officials remain optimistic about the project’s potential to rejuvenate downtown St. Paul. Construction could begin as early as 2026, pending approval and funding. Saint Paul Minnesota
The Minnesota Wild have reiterated their commitment to St. Paul, with owner Craig Leipold stating, “We are a St. Paul team. We’re committed to this market. This is our home, and it will always be our home.” Star Tribune
As discussions continue, the revised renovation plan represents a strategic effort to balance ambitious development goals with fiscal responsibility, aiming to ensure the Xcel Energy Center remains a cornerstone of Minnesota’s sports and entertainment landscape.
