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

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…

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.

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…

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…