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MTSU asks commission to approve 40‑year ground lease for campus hotel
Summary
Middle Tennessee State University requested and received approval for a 40‑year disposal by ground lease (waiver of advertisement/appraisal) for ~3.8 acres to support a 122‑room hotel with Sila Development; MTSU said the project will also provide hands‑on learning for hospitality students and estimated completion in about 30 months.
Middle Tennessee State University presented a request for approval of a disposal by ground lease (with waiver of advertisement and appraisal) for roughly 3.8 acres to support construction of a 122‑room hotel developed through a public–private partnership with Sila Development.
"MTSU respectfully requests approval of a disposal by ground lease with a waiver of advertisement and appraisal for approximately 3.8 acres," President Sydney McPhee said, adding that the 40‑year lease will include fixed monthly payments plus a percentage of room revenues and that the project will support experiential learning opportunities for tourism and hospitality students. The commission moved, seconded, and approved the request by voice vote.
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