who owns the target center

The Target Center is owned by the City of Minneapolis and operated under a management contract by ASM Global (a large venue management company).

Quick Scoop: Who owns the Target Center?

If you’re wondering who actually owns the Target Center vs. who runs it day to day, here’s the breakdown.

Legal ownership vs. operators

• The City of Minneapolis is the legal owner of the Target Center arena.

• ASM Global (a private venue management company) is contracted to manage and operate the arena on behalf of the city, handling events, bookings, and daily operations.

• Target Corporation does not own the building; it holds the naming rights , which is why the arena is called “Target Center.”

Quick historical note

• The arena opened in 1990 , originally built and owned by the then–Minnesota Timberwolves owners Marv Wolfenson and Harvey Ratner.

• In 1995 , the City of Minneapolis bought the arena , and since then it has remained city-owned while different private companies have managed it under contract.

Simple answer you can quote

The Target Center is owned by the City of Minneapolis , with ASM Global managing it and Target Corporation holding the naming rights.

TL;DR: If your key question is “who owns the Target Center?” — it’s the City of Minneapolis , not Target or the Timberwolves.

Information gathered from public forums or data available on the internet and portrayed here.