Skip to main content
Updated:
Original:

U of M to push ahead with $166M Athletics Village, will take on debt to complete it

Author:

The University of Minnesota is set to push ahead with its plans to build its $166 million Athletics Village by taking on debt to fund the rest of the project.

In an announcement Friday, President Eric Kaler said the U's Board of Regents will "review and act on initial plans" for the 320,000-square-foot village at meetings taking place next Thursday and Friday.

It will comprise three new buildings, a "Center for Excellence/Basketball Development Center," an indoor football practice facility, and a "Football Performance Center."

Kaler said that the U has raised $76.5 million for the project and that the fundraising will continue, but he is proposing to use "long-term debt to finance and complete the project."

This debt, he said, would be paid back by the Gophers' men's and women's athletic departments.

"Overall, the project will allow student-athletes and coaches to maximize time for their sport and studies, as well as help Gopher coaches compete with other institutions during the recruiting process," he said.

The U also intends to reserve a further $20 million in debt capacity to build an NCAA competition-level track on its East Bank campus, and to invest in fulfilling its gender equity and Title IX compliance, according to the announcement.

The Star Tribune's Sid Hartman reports much of the $76.5 million raised toward the Athletics Village has come as the result of the efforts of Gophers football coach Jerry Kill.

He adds that the Board of Regents is expected to approve the construction of a Gophers baseball center as well, using $1.325 million that has been raised by baseball coach John Anderson, plus former Gophers-turned-Twins Paul Molitor and Glen Perkins.

Final designs for the Athletics Village are expected to be approved by summer 2016 and the work completed by Jan. 2018.

Next Up

foo fighters grohl mr rossi wikimedia

Foo Fighters abruptly cancel Gophers stadium show hours after announcing it

The band is looking for a new venue because of a disagreement over COVID protocols.

lush

LUSH in Minneapolis to reopen under new ownership in December

FOX 9's Jason Matheson and two popular performers are among the new owners of the revived bar and restaurant.

unsplash roller blade close

Lace up: Indoor skating returns to US Bank Stadium this winter

The venue announced 13 Winter Warm-Up dates for both skaters and runners.

covid

More than 1,500 people are hospitalized with COVID-19 in MN

Minnesota's hospital systems continue to be under tremendous strain.

state patrol

3 killed in trio of crashes in Minnesota on Monday

The crashes happened in St. Louis, Winona and Carver counties.

2560px-Foo_Fighters_-_Southside_Festival_2019_4184_-_1

Foo Fighters reveal 2022 Twin Cities tour stop

The show will require proof of COVID vaccination or a negative test.

MSP airport

Police investigating after large fight caught on video at MSP Airport

People threw punches, broke chairs and tossed stanchions during the incident.

Hennepin County Government Center

Driver who killed innocent man, dog while drag racing is sentenced

The victim and his dog were struck while trying to cross the street.

SHSK MAPLE GROVE DT-03

Shake Shack's first drive-through to open in Maple Grove next week

The COVID-19 pandemic forced Shake Shack to become more accessible.

kimberly potter

Brooklyn Center increases communication ahead of Potter's trial

The former officer is charged in the death of Daunte Wright. Her trial begins Tuesday with jury selection.

Gophers

Reports: Gophers won't retain offensive coordinator Mike Sanford Jr.

Minnesota's passing attack hasn't been the same under Sanford Jr.

Related