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(MINNEAPOLIS) — The NFL selected Minnesota as the host of Super Bowl LII in 2018, officials announced Tuesday.

The owners chose the winner between three cities: New Orleans, Indianapolis, and Minneapolis, ultimately bestowing the award to the Minnesota Vikings.

A brand-new, $1 billion stadium will be built in the downtown area, which is set to see a $1.6 billion investment by 2016, according to the state’s Department of Employment and Economic Development. Officials also estimate a potential city boost of $324 million for the big game.

“On behalf of all Minnesotans, I want to thank Co-Chairs Doug Baker, Marilyn Carlson Nelson, and Richard Davis, and the Minnesota Vikings, for their superb and successful efforts to bring the 2018 Super Bowl to Minnesota,” Gov. Mark Dayton said in a statement. “Hosting the Super Bowl will provide a terrific opportunity to showcase Minnesota to the world. It will also bring major economic benefits to our state.”

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