Created: 12/08/2013 12:05 PM
(AP) MINNEAPOLIS - The Minnesota Vikings and Wells Fargo have reached a preliminary agreement to resolve a conflict surrounding a development near the team’s new stadium.
Vikings vice president of stadium development Lester Bagley says the agreement was reached on Saturday night. It establishes parameters for roof signage on a new Wells Fargo tower close to the new Vikings stadium in downtown Minneapolis.
The Vikings were concerned that the proposed signing violated city ordinances and would deter other companies from pursuing naming rights deals for the new stadium.
The agreement is subject to City Council approval. It allows for signage of up to 56 by 56 feet that "does not conflict with surrounding property interest."
Bagley says the Vikings are "very pleased to reach a resolution on the complex deal."