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"&lt;p&gt;               &lt;/p&gt;&lt;p&gt;  &lt;/p&gt;&lt;p&gt; MINNEAPOLIS (AP) -- The Minnesota Timberwolves and the City of Minneapolis have announced a $97 million renovation plan for Target Center.    &lt;/p&gt;&lt;p&gt; The long-negotiated plan finally was announced on Tuesday and is scheduled to be voted on for approval by the City Council on Nov. 12. The Timberwolves will pay $43 million toward the project, Minneapolis will contribute $48.5 million and building manager AEG will pay $5.5 million.    &lt;/p&gt;&lt;p&gt; The parties first announced plans for a $150 million renovation in February 2011 as part of a bill to get the Minnesota Vikings a new football stadium. The total number dropped in the final plan, but there is an additional $50 million capital expenditure fund to keep the building updated going forward.    &lt;/p&gt;&lt;p&gt; The deal also extends the Timberwolves' lease at the arena through 2032.  &lt;/p&gt;&lt;p&gt;Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.      &lt;/p&gt;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.si.com/nba/2013/10/28/timberwolves-arena-target-center-upgrade>