XCEL ENERGY CENTER
Minnesota Wild, St. Paul, Minnesota
Members of CSL’s staff were initially retained by the City of St. Paul to assess the ability of the Twin Cities area, specifically St. Paul, to attract an NHL franchise. Services included providing an overview of NHL market demographics and team operating characteristics and a limited comparison of the NHL to the International Hockey League with respect to demographics, attendance and operating revenues and expenses. In addition, a pro forma was developed to present the financial characteristics of a typical NHL franchise. The City of St. Paul retained CSL to assist in evaluating the differences between the original and amended leases, and determine the financial impact these changes would have on the City.
The $130 million, 18,064-seat Excel Energy Center opened in 2000 in downtown St. Paul as the new home of the NHL expansion Minnesota Wild.