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Two regent votes keep U stadium plan rolling
Moving forward on a new campus football stadium, the University of Minnesota Board of Regents voted Wednesday to issue $137.3 million in bonds for the project and agreed to acquire a key property near the site.
The Regents unanimously voted to issue bonds for the 50,000-seat stadium, which is scheduled to open in 2009 at an estimated cost of $248.7 million. The debt service on the bonds will be funded by an annual $10.25 million state appropriation to the university, which was part of a financing package approved in May by the Legislature.
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