- The University of Minnesota Board of Regents approved the $30.5 million sale of the Les Bolstad Golf Course to Rachel Development for residential and commercial development in Falcon Heights.
The University of Minnesota Board of Regents approved the $30.5 million sale of the Les Bolstad Golf Course to St. Michael-based Rachel Development on Friday.
The approximately 141-acre property at 2275 Larpenteur Avenue West in Falcon Heights will be used for residential development with supporting commercial and mixed uses.
University administrators plan to set aside $1 million from the sale to the establishment of a philanthropic program to fund facility improvements and support for the University’s Division I men’s and women’s golf programs…