UPDATE (5/1/25): City of Saint Paul, Wild Shift Legislative Ask to Prioritize Xcel Energy Center Renovations in 2025
The City of Saint Paul and Minnesota Wild narrowed the immediate scope of the Xcel Energy Center Arena Complex renovation project to prioritize a $488 million upgrade to the 25-year-old Xcel Energy Center, temporarily putting on hold the Saint Paul RiverCentre and Roy Wilkins Auditorium updates until a future date.
The project still includes an entire renovation of Xcel Energy Center, creating a modern, best-in-class facility. The state contribution would help expand the Xcel Energy Center’s north wall along 5th Street to improve the northeast entrance security area, increase ADA accessibility, reduce congestion in corridors and update restroom plumbing. City and local partners will provide $200 million; the Minnesota Wild will provide the remaining $238 million, plus any cost overruns for the rest of the renovation. Read the press release...
This is What Transformation Looks Like
This is a generational opportunity to go all in on revitalization by transforming Downtown Saint Paul into a more dynamic entertainment district anchored by a renovated Arena Complex—comprised of the Xcel Energy Center arena, Saint Paul RiverCentre, and Roy Wilkins Auditorium.
The proposed renovation project is the cornerstone of a safer, more energized Saint Paul, attracting more visitors, more activity, and more vitality. The project also boosts efforts to grow tourism, support the city’s all-in public safety framework, and bring more residents to live in the downtown core.
A renovated Arena Complex is a catalyst for Saint Paul’s growth, fueling momentum and unlocking new opportunities for entertainment, restaurants, retail, housing, hotels, and more.
Project Information Sheet
The Xcel Energy Center, which opened in 2000, is in its 25th year of its intended 25-year lifespan, and the Saint Paul RiverCentre, which opened in 1998, and 93-year-old Roy Wilkins Auditorium require significant renovations to facilities.
Renovations to the city-owned Arena Complex are estimated to cost $769 million. To bring this vision to reality, the city is asking the state to fund half of the cost, with Minnesota Wild owner Craig Leipold funding 30%, and the city and local partners providing the remaining funds. Ramsey County continues to explore its partnership investment in the proposed Arena Complex renovation.
Proposed Funding Breakdown:
Reinvesting in the Economic Engine of Saint Paul
The Arena Complex stands as the most prolific driver of economic activity in the Capital City—no single business or entity attracts more people to Downtown Saint Paul. Each year, the Arena Complex serves over 2.1 million visitors and contributes $383 million in spending for the City of Saint Paul.
The Xcel Energy Center was constructed in 2000 at a cost of $173 million, with 30% of funding contributed by public sources and the remaining 70% invested by the Minnesota Wild. It needs critical reinvestment to improve accessibility, enhance visitor and vendor experience, and upgrade infrastructure, technological, space needs.
It is home to the Minnesota Wild and Minnesota Frost professional hockey teams, and the Minnesota Roller Derby league. The Arena Complex also hosts a wide variety of cultural, educational, and athletic events such as the annual weekend-long Hmong New Year celebration, high school graduations, major national and international concert tours and performances, conventions and trade shows, Minnesota State High School League tournaments, and more.
Economic Rejuvenation Opportunity
Downtown Transformation
Regional and Statewide Asset
Recent News
Minnesota Wild Owner’s ‘All In’ for 2025 Arena Funding
3/31/2025 | Twin Cities Business
Earlier this month, Minnesota Wild Owner Craig Leipold and Saint Paul Mayor Melvin Carter jointly appeared before the investment committees in the Minnesota House and Senate seeking state funding to renovate the Xcel Energy Center Arena Complex.
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St. Paul, Minnesota Wild want state to cover half of $769M Xcel Energy Center renovation
3/29/2025 | Star Tribune
Gutting and refurbishing the 25-year-old arena would cost nearly three-quarters of the total, with Saint Paul Mayor Melvin Carter saying the facility is at the end of its competitive lifespan. Improvements would include upgraded seating options; security and accessibility enhancements; new HVAC and wiring; and the addition of public-facing restaurants attached to the building’s exterior.
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St. Paul looks to state for half of $769 million renovation of the Xcel Center
3/20/2025 | Pioneer Press
The mayor’s office said it's due for major accessibility, technology and building upgrades in order to sustain the number of events and opportunities choosing St. Paul. They predicted the planned renovations will drive concerts, conventions and sporting events to downtown, boosting annual local spending by $110 million.
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St. Paul, Minnesota Wild look for state help in Xcel Energy Center renovation
3/19/2025 | Minnesota Public Radio
The Xcel Energy Center was built in downtown St. Paul in 2000 as a way to draw an NHL expansion team to Minnesota. It worked and opened the door for the Minnesota Wild. But a quarter-century after it opened, St. Paul city leaders and Wild executives say it is time for the city-owned arena and adjoining facilities to get a renovation.
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Minnesota pro sports teams face vast stadium, ballpark and arena needs
2/7/2025 | Star Tribune
The Wild, St. Paul and Ramsey County will ask the state to cover half the Xcel renovations, with the remaining costs split among themselves, a city spokesperson said. League and local officials have not revealed the dollar figure they’re seeking, but they previously said the project will cost about $300 million.
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Wild insider: Bettman pushes for public funding of Xcel Energy Center renovations
1/28/2025 | New York Times
Xcel Energy Center is also the heartbeat of St. Paul nightlife, so an arena renovation could trigger redevelopment around the arena and revitalize downtown with the possible addition of a hotel, residential areas, retail and restaurants. Bettman weighed in Thursday, making it clear that he thinks the Wild deserve public money because of what they and the arena do for downtown St. Paul, the surrounding community and the state.