MINNEAPOLIS (AP) - The Minnesota Timberwolves and the city of Minneapolis are teaming up on a proposal that seeks $155 million to renovate Target Center.

Timberwolves owner Glen Taylor, Minneapolis Mayor R.T. Rybak and City Council President Barbara Johnson were announcing the plan Tuesday in a news conference at the downtown arena.

It calls for a complete remodel of the 21-year-old building. It would shift the main entrance to the corner of 6th Street and First Avenue, add two large glass atriums and another restaurant. It would also completely remodel the inside to make the building more attractive to traveling concerts and shows.

There's no specific plan to pay for it just yet.

Taylor says he plans to contribute some of his own money to the project.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)