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News Release.

News Release

Session successes position University of Minnesota to advance research and education missions while restoring infrastructure

Contacts: Chuck Tombarge, University News Service, tombarge@umn.edu, (612) 625-8510

MINNEAPOLIS / ST. PAUL (05/11/2012) —Minnesota policymakers have approved $64.1 million in bonding and other support this session that will allow the University of Minnesota to advance its mission while taking the first steps to update critical but aging infrastructure across the U of M system statewide.

“I’d like to thank the policymakers who recognize the importance of the University of Minnesota to the state’s economy and quality of life,” said university President Eric Kaler. “Their investments will allow the U to take significant steps toward further discovery, job creation, educational excellence and smarter use of the operating resources and facilities that are critical to achieving the university’s mission.

“Despite securing these capital investment resources this legislative session, our work is far from done,” Kaler said. “We will continue to be diligent to find and implement opportunities for operational excellence while building the public’s trust. We will continue to reach out to policymakers and other stakeholders to communicate the high value the university delivers to every corner of the state. And we hope faculty, staff, students and friends of the university will do the same. Together, we can address the significant challenges that lie ahead — from our aging infrastructure and need to provide access to Minnesota students to living out our mission as the state’s only research, land grant university.”

Protecting and Investing in Critical Infrastructure

This week, the Legislature passed and today the Governor signed the $496 million bonding bill, which ultimately increased project funding for the university. The university received an additional $10 million compared to earlier House and Senate proposals for Higher Education Asset Prevention and Replacement (HEAPR) funding, as well as bonding allocations necessary to proceed with the first phase of the Combined Heat and Power Plant on the university’s Minneapolis campus.

The $64.1 million in state bonding for the university includes:

Advancing Research that Benefits Minnesotans

Policymakers also invested in the university’s leading research enterprise in the following ways:

Investing in Athletics and Fans

Governor Dayton recently signed legislation that will allow alcoholic beverages to be sold at TCF Bank Stadium, both in the premium suites as well as in a separate, controlled but convenient area for general ticketholders. The legislation also will allow alcohol sales in the premium seats of Mariucci and Williams arenas. Ultimately, the university’s Board of Regents will determine how the new law will be implemented. The Board is expected to take action at its June meeting. Alcohol sales are estimated to provide an additional $1.5 - $2 million per year in revenue to the university.

For more information about the University of Minnesota’s legislative agenda and results, go to www.govrelations.umn.edu.

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