logo
UMN: Board of Regents to vote on sale of golf course in Falcon Heights

UMN: Board of Regents to vote on sale of golf course in Falcon Heights

Yahoo06-06-2025
The University of Minnesota Board of Regents is expected to vote Thursday to authorize the sale of the Les Bolstad golf course, with University officials citing financial and infrastructure needs.
The approximately 141-acre public facility in Falcon Heights will remain open during the 2025 season – with scheduled activities to proceed for the remainder of the year – and close as usual in the fall, but will not reopen in the spring.
'We recognize this course holds generations of memories for our community. This decision reflects careful consideration and was made in light of today's challenging financial environment. As a public university, we have a responsibility to ensure that our land and resources are aligned with our core mission: supporting students, advancing research, and serving the state of Minnesota,' U officials said in a statement.
The golf course, which opened in 1928, requires significant work and no longer meets the University's threshold for investments that advance teaching, research and service, according to the University.
'The course requires significant infrastructure upgrades to remain viable. The irrigation system is more than 50 years old and past its useful life,' according to a Board docket. 'The original clubhouse has been closed for over a decade due to safety concerns, and the operations of the course are currently housed in a temporary facility. These investments are not mission-critical and would divert resources from core academic and research priorities.'
The University will obtain two independent appraisals to help guide setting a market value for the property. A final sale price will depend on market conditions, land-use potential and buyer negotiations.
The John W. Mooty Golf Facility used by the University's men's and women's golf teams, as well as the Elizabeth Lyle Robbie Stadium used by the women's soccer team and the KUOM radio tower will not be included in the sale.
Falcon Heights city officials said in a Friday statement that they look forward to working with the University, potential buyers and community members on the future of the property.
If the site were to become available for private development, it might provide an opportunity for the city, which is fully developed, to create a new neighborhood, according to the city's 2024 Larpenteur Avenue Corridor Study.
'The Falcon Heights community has taken proactive steps to plan for the potential reuse of the property with the adoption of our Larpenteur/Snelling Corridor Study, which was approved in 2024 and included looking at potential future zoning for the site,' Friday's statement said.
The sale of Hillcrest Golf Course on the Greater East Side for $10 million in 2019 to the St. Paul Port Authority has opened up 112 acres for residential and commercial development.
Coon Rapids man charged in shooting at UMN after Wayzata graduation
Two shot outside Mariucci Arena Friday released from hospital
Two shot Friday night outside Mariucci Arena on UMN campus
U of M researchers are planting 'survivor' trees in hopes of defeating Dutch elm disease
UMN names Gretchen Ritter executive vice president, provost
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Consumers Don't See Bright Future, Says UMich Survey Director
Consumers Don't See Bright Future, Says UMich Survey Director

Yahoo

timea day ago

  • Yahoo

Consumers Don't See Bright Future, Says UMich Survey Director

Joanne Hsu, University of Michigan Surveys of Consumers director, says consumers do not see a bright future ahead because of worries about inflation and unemployment. Consumer sentiment in August fell to 58.6 from 61.7 a month earlier, according to the latest survey released Friday. She speaks on "Bloomberg Open Interest." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

NANO Nuclear Advances KRONOS Microreactor and Reports Strong Cash Reserve
NANO Nuclear Advances KRONOS Microreactor and Reports Strong Cash Reserve

Yahoo

timea day ago

  • Yahoo

NANO Nuclear Advances KRONOS Microreactor and Reports Strong Cash Reserve

NANO Nuclear Energy Inc. (NASDAQ: NNE) announced its third fiscal quarter results, revealing significant milestones in the development of its KRONOS Micro Modular Reactor (MMR). The company advanced U.S. Nuclear Regulatory Commission (NRC) licensing efforts, initiated preparatory work for deployment at the University of Illinois Urbana-Champaign (UIUC), and resumed Canadian licensing activities, positioning KRONOS as a leading contender in the North American microreactor race. Financial Highlights Cash Position: $210.2 million as of June 30, 2025, up from $28.5 million on September 30, 2024, following a series of equity raises. Operating Cash Use: $14.7 million in the first nine months of FY2025, driven by KRONOS R&D and operations. Investing Activities: $12.9 million, including $9.1 million for KRONOS MMR acquisition and $3.8 million for a demonstration facility in New York. Financing Activities: $209.3 million net cash inflows. Filed first universal shelf registration statement to support long-term growth. Strategic and Technological Progress Licensing: Progressed NRC construction permit application preparations for UIUC site; resumed Canadian licensing, building on KRONOS' prior Phase 1 CNSC review. Partnerships: Signed collaboration agreements with UIUC and AECOM for engineering and environmental studies. Innovation: Advanced proprietary Annular Linear Induction Pump (ALIP) technology under SBIR Phase III, targeting potential commercial sales in 2025–2026. Vertical Integration: Signed MOU with UrAmerica to secure nuclear fuel supply chain resilience. Operational Expansion and Leadership Strengthening Recruited over a dozen engineers in the Midwest to accelerate KRONOS development. Acquired a 2.75-acre engineering and manufacturing facility in Oak Brook, Illinois. High-profile appointments include former U.S. Energy Secretary Rick Perry, Vice Admiral Charles J. Leidig Jr., and Intel's Seth Berl, bolstering technical and policy expertise. Market Recognition Added to the Solactive Global Uranium & Nuclear Components Total Return Index in August 2025, qualifying NNE for inclusion in the $4 billion Global X Uranium ETF (URA). This inclusion provides broader institutional investor exposure and market liquidity. Industry Context NANO Nuclear's progress comes amid a global nuclear resurgence driven by AI data center growth, industrial reshoring, electrification, and bipartisan policy support in the U.S. Nuclear microreactors are increasingly seen as vital for clean, reliable, zero-emission power in both centralized and remote settings. Outlook The company targets submitting a U.S. NRC construction permit application by late 2025 or early 2026 and aims to be the first to license a commercial microreactor in Canada. Management also plans to pursue commercial agreements with AI data center operators and remote communities, alongside potential vertical integration opportunities through M&A. CEO James Walker emphasized that KRONOS' proven reactor design, substantial prior R&D investment, and integrated supply chain strategy give NANO Nuclear a competitive edge in the rapidly growing advanced reactor market. Read this article on

List of "best colleges for long-term career success" includes 8 Massachusetts schools
List of "best colleges for long-term career success" includes 8 Massachusetts schools

CBS News

timea day ago

  • CBS News

List of "best colleges for long-term career success" includes 8 Massachusetts schools

A new report from LinkedIn names the "best colleges for long-term career success," and several universities in Massachusetts make the Top 50 list. LinkedIn said it took several factors into consideration for the ranking, including job placement rates, promotions, internships and how many alumni started their own company after graduating. MIT is 4th on the list. The Cambridge school stands out for entrepreneurship and executive experience, LinkedIn says. MIT graduates also score top internships and are in-demand among recruiters, according to the ranking. MIT was recently ranked highly on the Princeton Review's "best value" list for private colleges. Also appearing in the Top 10 is Harvard University at No. 6 and Babson College in seventh. Like MIT, LinkedIn says Harvard also stands out for entrepreneurship and C-suite experience. Babson, a business school in Wellesley, is recognized by LinkedIn for its "network strength." Babson alumni are known for their data science skills, "human computer interaction" and entrepreneurship, according to LinkedIn. Another business college, Bentley University in Waltham is 15th, followed by Tufts University at No. 16. Bentley is a "top 5 school for internships and recruiter demand," LinkedIn says. Rounding out the Massachusetts representation on the list are Boston College at No. 22, WPI at No. 39 and Boston University at No. 43. Elsewhere in New England, Dartmouth College in New Hampshire was No. 9, Brown University in Rhode Island was No. 14, Yale University was ranked No. 19, Connecticut's Fairfield University was No. 28, Bryant University in Rhode Island was No. 38, Trinity College in Connecticut was No. 42 and Providence College was No. 49. Princeton University ranked first on the list. Click here to see the complete ranking.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store