Could the Timberwolves build a new arena?
r David Shama, who says the minority Wolves owners have an interest in land near 312 East Lyndale Avenue North.
The area near the farmers market has long-been mooted as a possible location for a sports arena or stadium, and was earmarked almost aowners Alex Rodriguez and Marc Lore are interested in building a new arena on land near the Minneapolis Farmers Market.The ongoing ownership dispute between the Rodriguez and Lore team and longtime owner Glen Taylor has raised questions about the future of the franchise.
Ever since Rodriguez and Lore became invested in the Wolves, rumors have swirled about a possible move to Las Vegas or Seattle, but if the report is accurate then the pair are continuing to develop their long-term plans for the franchise, and see its future in Minneapolis. Despite receiving a publicly-funded, $145 million renovation in 2017, Target Center is the second-oldest arena in the entire NBA, only ahead of the historic Madison Square Garden. The Wolves have played in the arena since 1990.
If Rodriguez and Lore are indeed planning on a new arena for the Wolves there will be plenty of hurdles to jump, including acquiring the land, funding for the facilities and getting clearance from the city.
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