The current budget assumes $225 million in bonding this year and the state doesn’t have the resources for additional debt service unless the next budget forecast — scheduled to come out mid-March — calls for another surplus.Read More »
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Odd-year bonding bills tend to be in the $200 million range, although recent odd-year bills were as large as $500 million in 2011, and as low as $156 million in 2013.
Tagged with: Associated General Contractors of Minnesota bonding Construction House Capital Investment Committee Management and Budget Office Minnesota State Colleges and Universities MNSCU University of MinnesotaRead More »
The U of M’s 2015 capital request, approved in October by the Board of Regents, includes $55 million for asset preservation, $18 million for new veterinary laboratories, and $4 million for a greenhouse to protect the U of M’s rare-plant collection.Read More »
The upcoming legislative session is not supposed to be a bonding year at the state Legislature, but communities across the Twin Cities will seek state support for regional transit, road and rail projects.
Tagged with: bonding Bottineau LRT Burlington Northern Santa Fe bus rapid transit Canadian Pacific Counties Transit Improvement Board Gateway Corridor House Capital Investment Committee New Starts Red Rock BRT Union PacificRead More »
The principal designer for Rochester's Destination Medical Center proposes five districts for development, each with inspirations from landmarks in places like New York, Barcelona and Berlin.
Tagged with: bonding Destination Medical Center DMC EE&K Gonda Building Mayo Clinic Minnesota Biobusiness Center Peter Cavaluzzi Rochester Translational Cloud University of Minnesota’s School of ArchitectureRead More »
1) The House passed an $850 million borrowing bill with an additional $200 million in cash spending early Friday morning, teeing up a Senate vote on a pre-agreed deal for public infrastructure funding across the state. Legislative leaders of both ...Read More »
House and Senate Democrats agreed to a bonding deal on Wednesday that includes $850 million of borrowing and $200 million of cash for public infrastructure, but Republicans necessary to pass the measure objected late into the night. The House is expected to take up the bill on Thursday.Read More »
House Minority Leader Kurt Daudt said the DFL and Republican leaders of the two chambers met Wednesday evening to discuss the possibility of coming to a pre-arranged deal on borrowing to fund state infrastructure projects. House Speaker Paul Thissen said on Tuesday that he hoped to reach such a deal, and a Senate DFL spokesman said the upper chamber's leadership would also like to do so.Read More »