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Board of Regents approves Iowa State’s SciTown site-development leases, cites $184 million projected net revenue
Summary
The Iowa Board of Regents approved site-development lease proposals for Iowa State’s SciTown project, with Regents and university staff saying Goldenrod will assume developer risk and the project projects $184 million in net revenue to the university over 30 years.
Iowa Board of Regents members voted to approve Iowa State University’s site-development lease proposals for the SciTown project, backing a plan that the university and developers say will produce substantial revenue for the campus. The board approved the motion after presentations and questions from regents and university staff.
Amy Clays, offering the university’s presentation, said the proposals cover six components — a food-and-beverage anchor, two office-and-retail buildings, two site-town suite buildings, an amphitheater and a common amenity area — and that the hotel component remains in design and…
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