Twins name new ballpark 'Target Field'
Sports Network | September 15, 2008
Minneapolis, MN (Sports Network) - The Minnesota Twins and Target Corporation have reached an agreement in principle on a 25-year partnership that includes the naming rights for Target Field, the new home of the Twins scheduled to open in 2010.
In addition, Target and the Twins will also collaborate on the design of Target Plaza -- a pedestrian bridge and public gathering space connecting Target Field to downtown Minneapolis.
"The Minnesota Twins are extremely pleased to announce our partnership with Target Corporation, which includes the naming of our new home, Target Field," said Twins owner Jim Pohlad. "Our state is lucky to have many businesses that provide outstanding support and commitment to our community but none do it better than Minnesota-based Target. We are honored to be their partner."
The Minnesota Ballpark Authority, the public owner of the facility, will oversee the design, construction and operation of the new ballpark and plaza.
Financial terms were not released.
"We are excited about our partnership with the Minnesota Twins and the opportunity to continue our long history of community support. We are confident that Twins fans and community residents will enjoy this wonderful addition to our area for many years to come," said Gregg Steinhafel, president and CEO of Target.
