University of Missouri’s closes bidding for commercial development to ‘enhance game day experience’
COLUMBIA, Mo. (KMIZ)
University of Missouri closed its bid portal on Friday for companies looking to shoot their shot at enhancing game day experiences.
The university has laid out three zones with eight properties on university land as potential commercial development sites.
There will be three development zones:
Development Zone No. 1: North Campus/Central Business District
- Fifth and Locust Street North
- Fifth and Locust Street South
- 10th and Locust Street
- Hitt and Paquin Street
- University Avenue
Development Zone No. 2: Campus Core
- Flat Branch Creek
- Stadium Boulevard and Tiger Avenue
- Stadium Boulevard and College Avenue
Development Zone No. 3: Athletic Sports Complex
- Hearnes Complex
- Gustin Golf Course
According to university bid documents, MU would consider selling the sites included in Zone 1. Zones 2 and 3 would be offered as lease agreements.
The university will prioritize projects that generate significant revenue, either through upfront funds or over time through ongoing payments. It's also looking for something that could work as a year-round commercial development for university and community members.
Projects proposed within the MU Athletics Sports Complex should look to elevate MU Athletics above other schools.
The university does not want any of its own money to be committed to the projects or any projects that require the use of bonds and stipends.
Developers will have to consider building removal or redevelopment on some sites. However, in Zone 3, the university has made it a requirement that the Hearnes Center should be considered a central part of any development plans for that site and that its current functions must not be impacted.
The university also wants developers to assume no connection to campus utilities and plan for independent utility use. Developers will also have to provide information on potential traffic impacts as well as parking impacts if their proposal falls into a zone that could alter MU's parking portfolio.
University officials will narrow down their list of bids by Feb. 6 and start an interview process. The final selection will be made around March or April.
