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Board of Regents approves Iowa State's CyTown site-development leases, cites $184 million projected revenue
Summary
The Iowa Board of Regents unanimously approved Iowa State University's CyTown site-development lease proposals Dec. 3, 2025, after trustees and university officials described financing led by developer Goldenrod and conservative pro formas that project $184,000,000 in net revenue over 30 years.
Iowa Board of Regents members voted unanimously Dec. 3 to approve Iowa State University's site-development lease proposals for the CyTown project, a multi-building development the university and its private partner say will produce significant long-term revenue.
Amy, an Iowa State presenter, told the board the proposals cover building plans, financing structures and pro formas for six components of the project and that the hotel will be brought back to the board later. "As indicated in the summary pro formas contained in exhibit B, the CyTown development is projected to generate $184,000,000 net revenue to the university over the next 30 years," she said.
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