Capital Development

Capital Development is responsible for the sustainable financing (capital budget, revenue fund), capital planning and transactional work (real estate, energy, space use) necessary for our colleges and universities.  

The Capital Development team integrates facilities planning with system-wide academic and strategic priorities. The group is responsible for the oversight of comprehensive facilities planning, development of project requests to the legislature, preparing projects for revenue bond sales, and capital financing, and forecasting future needs related to the delivery of new facilities, major rehabilitation, and ongoing repair and renewal of existing facilities.

Consultants and Contractors

Capital Development publishes and maintains guidelines related to college and university development of buildings and related assets. Guidelines include: 

 

The Revenue Fund is Minnesota State's statutorily-authorized bond fund the colleges and universities may use to finance auxiliary buildings, such as residence halls, student unions and parking ramps. Revenue bond sales are scheduled in odd-numbered years. The system office manages the revenue bond fund on behalf of the colleges and universities.  

If you are an employee of Minnesota State, you can go to Finance Connect site for more information.

 

Real Estate Services provides systemwide leadership for the strategic use of real estate assets and transactional services to colleges, universities, and the system office. All college and university real estate with the exception of real estate owned by recognized foundations is owned by the State of Minnesota, by and through the Board of Trustees of Minnesota State, on behalf of the college or university. 

  • Leasing. Minnesota State system operates approximately 28 million square feet throughout the state of Minnesota. As a general rule, use of college or university facilities by a third party requires a written agreement governing such use. Likewise, a written agreement is required whenever a college or university seeks to lease property off campus.
  • Acquisitions. Acquisition of real estate is governed by Board of Trustee policy, system procedure and state statutes. The Board and statutes apply in nearly a uniform manner for nearly all acquisitions, although how an acquisition is funded may impact exactly how the acquisition milestones are reached.
  • Carpentry. Minnesota State has specialized statutory authority to acquire, develop, construct and sell residential properties.
  • Easement and License. Minnesota State grants revocable easements and licenses to parties that wish to install utilities or other infrastructure across college and university lands or who wish to otherwise come on a college or university property to do work. A party seeking an easement across a college or university campus must pay fair compensation for the easement right.
  • Mapping and GIS.  Minnesota State maintains boundary maps of all campuses throughout the state. Please use the regional campus map to notify Real Estate Services if you would like a copy of a campus' boundaries, These maps are not intended to replace a boundary survey.

Minnesota State selected a new building condition tracking and forecasting tool in October 2018 known as VFA Facility. Benefits include:

  • Tracking total square footage
  • Track facility backlog and renewal
  • Provide an online repository for storing building details
  • Add geocoding information and mapping functionality
  • Track ASA, safety, security and environmental compliance
  • Prioritize capital needs based on your needs

If you are an employee of the system, you can learn more on the Building Conditions Tool Connect webpage.

Energy and Sustainability
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