MINNEAPOLIS-ST. PAUL, Minn., Aug. 13, 2009—Qwest Communications (NYSE: Q) and the Minnesota Twins have reached a 5-year agreement making Qwest the exclusive communications services sponsor of Target Field and the Minnesota Twins.
“Qwest has more than 3,500 employees who take pride in their hometown team,” said John Stanoch, Qwest’s Minnesota state president. “We are proud to continue our partnership with the Twins as they usher in a new era of baseball in Minnesota.”
Under separate agreements, Qwest will build and maintain a multimedia network in Target Field – the 1 million square-foot facility that will open in April 2010 – equipping the ballpark with advanced data communication and video services that enhance the fan experience and support the Twins front office.
“Our partnership with Qwest positions us to take advantage of advancing technology for years to come,” said Dave St. Peter, president, Minnesota Twins. “This technology will help the Twins conduct business efficiently and greatly enhance the fan experience at Target Field.”
The agreement also contemplates joint community support and outreach efforts for Qwest and the Twins.
Customers coast-to-coast turn to Qwest's industry-leading national fiber-optic network and world-class customer service to meet their communications and entertainment needs. For residential customers, Qwest offers a new generation of fiber-optic Internet service, high-speed Internet solutions, as well as digital home phone, wireless service available through Verizon Wireless and DIRECTV® services. Qwest is also the choice of 95 percent of Fortune 500 companies, offering a full suite of network, data and voice services for small businesses, large businesses, government agencies and wholesale customers. Additionally, Qwest participates in Networx, the largest communications services contract in the world, and is recognized as a leader in the network services market by a leading technology industry analyst firm.
About Target Field
Target Field, one of America's most urban ballparks, will be located in the historic Warehouse district of downtown Minneapolis. Site clearing began May 15, 2007 with actual construction commencing in August 2007. Designed by Populous (formerly HOK Sport) with Mortenson Construction serving as construction manager, the 40,000 seat ballpark is slated for completion prior to Opening Day 2010 and the cost of construction is $425 million. The Twins and Target Corporation announced a historic 25-year naming agreement for Target Field and TargetPlaza on September 15, 2008. The Twins Ballpark Webcams provide fans the opportunity to the new downtown Minneapolis ballpark through completion in the spring of 2010. For more information on Target Field and to view the site through the Webcam, visit www.twinsbaseball.com/newballpark.
The Minnesota Legislature in 2006 approved legislation to fund the new Minnesota Twins ballpark. The legislative action was the culmination of a 10-year effort to return outdoor baseball to Minnesota. Under the terms of the legislation, the public contribution totaled $350 million, which included $90 million for infrastructure and $260 million for ballpark construction. The legislation called for the primary public contribution to be financed by Hennepin County issued bonds that will be repaid from a County sales tax. Since the legislation was adopted, public sources such as the Minnesota Department of Transportation, the Northstar Project and the Minnesota Ballpark Authority (MBA) have contributed an incremental $5.525 million to the Public Infrastructure Budget. The MBA was created to oversee the design, construction and operation of the new ballpark. The MBA will own the ballpark and the site on which it sits on behalf of the public. Under the original legislation, the Minnesota Twins' contribution was $130 million for ballpark construction costs and any cost overruns. Since the legislation was adopted, the team also has committed to contributing an additional $55 million ($15 million for non-land infrastructure expenses, $4.5 million for plaza enhancements and $35.5 million for ballpark enhancements). Target Corporation has also matched the Twins contribution of $4.5 million for plaza enhancements. The total ballpark budget stands at $425,491,694 with the Public Infrastructure budget at $119,525,000 as approved by the MBA on May 15, 2009.
Margaret Fogarty | Qwest
Chris Iles | Twins Baseball
Kevin Smith | Twins Baseball