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Regents approve site development agreement, ground lease with GoldenRad and Research Park

Regents, State Board of · January 15, 2025
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Summary

The board approved a tri-party site development agreement and ground lease among GoldenRad, Ivo State University and the Research Park covering development near the university center, including retail, a 245-key hotel and a medical clinic; the agreement outlines governance, revenue-sharing and management responsibilities.

The Regents reviewed and approved a tri-party site development agreement and a related ground lease among GoldenRad, Ivo State University and the Research Park for development on land adjacent to the university center.

Presenters described the agreement’s structure: a site management committee with representatives from the university, general counsel, the research park and members appointed by the board; a long-term ground…

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