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Minnesota State University, Mankato outlines privately funded stadium and mixed‑use housing plan to spur regional talent and housing supply
Summary
University leaders described a privately financed two‑project vision led by a Maverick Real Estate Foundation: a $60 million multipurpose stadium and a mixed‑use housing and student services facility. The board heard the concept as an informational item; future ground leases and operating agreements will return for board approval.
Minnesota State University, Mankato presented trustees March 19 with an early-stage plan for a privately financed development on two parcels near Stadium and Warren streets: a multipurpose stadium complex and an adjacent mixed-use housing and student services building.
President Inch told trustees the Maverick Real Estate Foundation — a private 501(c)(3) affiliated with the university foundation — proposes to lease land from the university, finance design and construction and develop two projects intended to address student housing demand and regional talent attraction. President Inch described the stadium estimate as a $60,000,000 project for the first phase; the housing/mixed-use facility concept includes about 90–95 four‑bedroom apartments with private bedroom/private…
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