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Saint Augustine’s University urges NC AG to approve $70 million land lease deal

Summary by Wral News

St. Augustine's University is urging North Carolina's Attorney General to expedite approval of a $70 million land lease deal with 50 Plus 1 by Jan. 25 to improve its financial sustainability.

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INDY Week

Attorney General’s Review Stalling Saint Aug's $70 Million, 105-Acre Land Lease Deal With 50 Plus 1 Sports, University Says

A land lease deal between Saint Augustine’s University and the Florida-based real estate firm 50 Plus 1 Sports is stalled pending a review by the North Carolina Attorney General’s office, according to the university. Last month Monti Valrie, a managing partner of 50 Plus 1 Sports, told INDY his company had signed a 99-year lease on all 105 acres of SAU’s campus and planned to build a mixed-use development on 55 mostly-empty acres, leaving the ma…

2 months ago

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Wral News

Saint Augustine’s University urges NC AG to approve $70 million land lease deal

St. Augustine's University is urging North Carolina's Attorney General to expedite approval of a $70 million land lease deal with 50 Plus 1 by Jan. 25 to improve its financial sustainability.

2 months ago·Raleigh, United States

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HBCU Gameday

HBCU calls for government approval of $70 million investment

Courtesy of Saint Augustine’s University In a pivotal moment for Saint Augustine’s University (SAU), the HBCU emphasizes the urgency of obtaining the North Carolina Attorney General’s approval for the $70 million 50 Plus 1 Sports deal within the next 9 days. This crucial step is vital for securing the necessary funding to demonstrate financial stability as SAU prepares to appeal to the Southern Association of Colleges and Schools Commission on C…

2 months ago

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HBCU Buzz

HBCU Calls on State Officials to Fast-Track $70M Deal for Financial Stability

Saint Augustine’s University is urging the North Carolina Attorney General’s Office to swiftly approve a $70 million deal with 50 Plus 1 Sports in a significant move aimed at securing its financial future. With only nine days left to secure this approval, university officials stress that time is essential as they prepare to appeal for […] The post HBCU Calls on State Officials to Fast-Track $70M Deal for Financial Stability appeared first on HBC…

2 months ago

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