Xcel Energy Center Renovation

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

From Vision to Reality

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:

State of Minnesota – $394.6 million (50%)
Minnesota Wild – $215.8 million (30%)
Saint Paul and Local Partners – $158.8 million (20%)

Funding breakdown for the proposed Xcel Arena Complex renovation

Saint Paul

DID YOU KNOW?

· Xcel Energy Center's last upgrade was in 2014 when arena seats were replaced with new cushioned seating.

· Roy Wilkins Auditorium was built in 1932, renovated in 1984, and last underwent upgrades in 2005.

· Saint Paul RiverCentre opened in 1998 and requires facility upgrades to remain accessible and competitive.

· 85% of Minnesotans in a recent poll agree that updating the Xcel Energy Center is important to Saint Paul’s revitalization.

· A renovated Arena Complex is projected to boost downtown spending to an estimated $493 million and create approximately 2,300 union construction jobs.

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

The Arena Complex currently generates an annual $383 million in local spending across lodging, meals, transportation, and other goods and services.
The proposed renovation is estimated to boost annual spending to $493 million.
The project is estimated to create approximately 2,300 union construction jobs.
When complete, the complex will employ more than 5,000 people in Saint Paul.

Rendering of a renovated Xcel Energy Center Arena at night

Downtown Transformation

Boosts momentum for the city's bold Downtown Revitalization framework, which lays out a vision for creating a reinvigorated downtown core.
Enhances the city's Community-First Public Safety framework by creating a safer, more active, vibrant, and walkable district.
Estimated to produce a $110 million annual increase in economic activity in Saint Paul.
Reinvestment in the urban core is essential to countering downtown trends nationwide.
Strengthens capacity to attract and host more events, further spotlighting Saint Paul as a premier destination and adding to the tax base.

More Than Just Hockey

Regional and Statewide Asset

Recent News

Rendering of New Xcel Energy Center Exterior

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.

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.

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.

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.

A construction worker does maintenance work on a stadium

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.

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.

- Axios: Top Minnesota lawmaker throws ice on St. Paul's arena funding ask [4/2/25]
- Star Tribune: St. Paul, Minnesota Wild want state to cover half of $769M Xcel Energy Center renovation [3/19/25]
- Fox 9: St. Paul asking $384 million from state for Xcel Energy Center renovations [3/19/25]
- MPR: St. Paul, Minnesota Wild look for state help in Xcel Energy Center renovation [3/19/25]
- KARE 11: $769 million in renovations to Xcel Energy Center arena complex proposed [3/19/25]
- Axios: St. Paul, Wild pitch Xcel Energy Center makeover [3/19/25]
- WCCO: St. Paul, Minnesota Wild want state to foot hundreds of millions for renovation [3/20/25]
- KARE 11: Wild and St. Paul present $770 million Xcel Energy Center renovation to lawmakers [3/20/25]
- BringMeTheNews: St. Paul, Wild ask state for $394M to help renovate Xcel Energy Center [3/20/25]
- Reuters: Wild seeking $395M from Minnesota for arena upgrade [3/20/25]
- Sports Business Journal: St. Paul officials say Xcel Energy Center reno needed to sustain events calendar [3/20/25]
- MPR: Legislator says it's 'bad timing' for $397 million update to Xcel Energy Center [3/25/25]
- Pioneer Press: St. Paul mayor, Wild owner pitch Xcel Energy Center to senate panel [3/26/25]

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