University of Missouri seeks developers for on-campus entertainment district
COLUMBIA, Mo. (KMIZ)
The University of Missouri Board of Curators is seeking to attract developers for an entertainment and hospitality district on campus to enhance the university's offerings.
The university aims to build on the momentum of the current renovations of Memorial Stadium and continue its goal to enhance the game-day experience for fans. The university will actively seek proposals to open certain areas on or near campus for entertainment and hospitality, enhancing the university as a whole.
There will be three development zones that the university has designated for developers:
Development Zone #1: North Campus/Central Business District
- 5th & Locust Street North
- 5th & Locust Street South
- 10th & Locust Street
- Hitt & Paquin Street
- University Avenue
Development Zone #2: Campus Core
- Flat Branch Creek
- Stadium & Tiger Avenue
- Stadium & College Avenue
Development Zone #3: Athletic Sports Complex
- Hearnes Complex
- Gustin Golf Course
In the university's search for developers, several requirements must be followed when requests are submitted. According to university documents, developers should consider and strive its request to follow the guiding principles of the university, such as:
- Projects should prioritize hospitality and/or entertainment, enhancing the game-day experience within the MU Athletics Sports Complex and may include other mixed-use components to form a year-round commercial hub.
- Projects within the MU Athletics Sports Complex should incorporate novel ideas, features, and benefits that have the potential to differentiate/elevate MU Athletics.
- Projects should generate meaningful revenue for the University, either through upfront funds or over time through on-going payments.
- Projects should not require any University capital be committed.
- Projects should not require that the University issue or underwrite the use of bonds as a financing source.
- Projects should not impact the University’s credit or rating.
- Projects should be financially feasible and based on realistic assumptions.
Developers must send in their request to the Board of Curators by January 9, 2025.
