Minneapolis may subsidize Target Center losses

by Cathy Wurzer, Minnesota Public Radio

The Minneapolis City Council could vote Friday to subsidize some operating expenses for the Target Center. The Council's Ways and Means/Budget Committee has recommended the plan, which would cover up to half the losses incurred from hosting non-basketball events at the arena.

Last year, concerts and other non-Timberwolves events lost between $1 million and $2 million for Midwest Entertainment Group, the company managing the Target Center. MPR's Cathy Wurzer spoke with Minneapolis Finance Director Pat Born.