The city and Minnesota Wild owner Craig Leipold would fund the remaining half of the $769 million project under the proposal.

The proposed overhaul goes beyond sprucing up the 25-year-old, 18,000-seat multi-purpose arena for concerts and hockey fans.

The home of the Minnesota Wild needs a facelift, and officials with both Xcel Energy Center and the City of St. Paul are looking for the state to pay for at least half of it.