Sale of 140.9 acres in Falcon Heights, MN (University of Minnesota Golf Course)

The University of Minnesota is requesting proposals for the purchase of the University Golf Course, a 140.9-acre property located in Falcon Heights, MN. The University is seeking a buyer who will develop the property in a manner consistent with the City of Falcon Heights' vision. The proposal should include a purchase price, plans for future use, and a block site plan for land use, infrastructure, and open space. The University will evaluate proposals based on financial proposal, planned strategy to develop the property, demonstrated experience and capacity to complete the development, and proposed terms and conditions of sale. • The property is currently used as an 18-hole golf course and driving range. • The University is working with the City of Falcon Heights to ensure that the selected Respondent will develop the property in a manner consistent with the City's vision. • The proposal should include three different financial scenarios for the property. • The University reserves the right to reject any proposal and to negotiate with the selected Respondent. • The University will pay no commission on the sale. • The property is accepted "as is", subject to easements and restrictions of record, with no warranties made or implied by the University.