The 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 are expected to unveil the plan late Tuesday, but details were revealed on a website.

The remodel 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 that overlooks Target Plaza.

The site said the Timberwolves would be pay part of the costs, but didn't specify how much. Rybak set aside $8 million for improvement to the Target Center in a recent budget proposal.