The Brief
- The University of Minnesota is poised to sell Les Bolstad Golf Course to a developer for $30.5 million.
- The U’s Board of Regents heard the proposal Thursday, and they’re expected to approve the sale later this month.
- The net proceeds from the sale will primarily be reinvested in supporting and upgrading the St. Paul campus.
ST. PAUL, Minn. (FOX 9) – The University of Minnesota is poised to sell Les Bolstad Golf Course to a residential developer with a proposal that is expected to be approved later this month.
Les Bolstad sale proposal
What we know:
University officials brought the proposal to the school’s Board of Regents meeting on Thursday. The school is in agreement with Rachel Development, Inc. on a $30.5 million sale for 140 acres of land located on the edge of the St. Paul campus in Falcon Heights. The course is located at 2275 Larpenteur Avenue.
The land in the sale includes 16 holes and the driving range north of Larpenteur Avenue, and the two holes south of Larpenteur Avenue. It does not include the John W. Mooty Golf training facility, outdoor short game training range, the Gophers’ soccer stadium, pump house, golf maintenance facility or KUOM Radio transmission tower.…