University of Minnesota Foundation shares vision for East Gateway

University seal

The University of Minnesota Board of Regents today discussed an overview of the East Gateway Project presented by University of Minnesota Foundation (UMF). This overview outlined a project to advance a master-planned district on the eastern edge of the Twin Cities East Bank campus.

The East Gateway project envisions mixed-use spaces that would encourage private sector investment to develop a community entry point to the Twin Cities campus. The area included in the project is roughly bordered by Oak St. SE, Huron St. SE, University Ave. SE and Essex St SE. By acquiring and administering property through UMF’s Real Estate Advisors (UMFREA), the district-wide effort offers possibilities to achieve some long-range planning objectives for the Twin Cities campus.

The project focuses on creating an integrated community that could bring learning, culture, employment, economic activity and residential spaces together to create a new area for business immediately adjacent to the Twin Cities campus. In addition, East Gateway would also more cohesively connect the campus’ Biomedical Discovery District to its broader medical and health sciences areas.

The Board is expected to take action on elements of the project at its February meeting.

Board Reviews Annual University Performance and Accountability Report
On Friday, Regents reviewed the 18th annual edition of the annual University Plan, Performance, and Accountability Report, which is often used as a reference guide for the University’s progress toward strategic goals.

The report shares key statistics from all five campuses in the University of Minnesota System. Certain measures of student success and outcomes, select student demographic breakdowns, and budget information is included, along with comparisons to peer institutions.

The document also provides highlights from all five campuses, celebrating top priorities and initiatives, greatest achievements and continued excellence – including information about the University’s research, outreach and engagement, as well as general operations and finance.

University administration will incorporate input from the Board as it produces the final report by February.

The Board also:

  • Received the annual report on the University’s research and technology commercialization, which detailed record research funding and expenditures at the University, placing it ninth among America’s leading public research institutions in National Science Foundation rankings.
  • Approved employment agreements for incoming Executive Vice President and Provost Rachel Croson, newly hired University Librarian and Dean of Libraries Lisa German and Mos Kaveh, dean of the College of Science and Engineering on the Twin Cities campus.
  • Heard an update on the University’s administrative cost definitions and benchmarking, a report which offers insight into University expenses on an annual basis.
  • Postponed a presentation about long-range financial planning to its February meeting, when there will be additional time for the discussion.
  • Met undergraduate students participating in the U of M’s Undergraduate Research Opportunities Program and heard brief presentations on their research and creative projects.

The Board of Regents will meet next on February 13-14, 2020. Visit regents.umn.edu for more information.

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University of Minnesota, Twin Cities
01/22/2020