Capital Development

Capital Development is responsible for the sustainable financing (capital budget, revenue fund), capital planning and transactional work (real estate, energy, space use) necessary for our colleges and universities.  

The Capital Development team integrates facilities planning with system-wide academic and strategic priorities. The group is responsible for the oversight of comprehensive facilities planning, development of project requests to the legislature, preparing projects for revenue bond sales, and capital financing, and forecasting future needs related to the delivery of new facilities, major rehabilitation, and ongoing repair and renewal of existing facilities. Board of Trustees policy 6.9 obligates all Minnesota State campuses to update their Comprehensive Facilities Plans (formerly known as master plans) on a regular basis (generally, every 5 years).

Consultants and Contractors

Capital Development publishes and maintains guidelines related to college and university development of buildings and related assets. Guidelines include: 

 

The Revenue Fund is Minnesota State's statutorily-authorized bond fund the colleges and universities may use to finance auxiliary buildings, such as residence halls, student unions and parking ramps. Revenue bond sales are scheduled in odd-numbered years. The system office manages the revenue bond fund on behalf of the colleges and universities.  

If you are an employee of Minnesota State, you can go to Finance Connect site for more information.

 

Minnesota State selected a new building condition tracking and forecasting tool in October 2018 known as VFA Facility. Benefits include:

  • Tracking total square footage
  • Track facility backlog and renewal
  • Provide an online repository for storing building details
  • Add geocoding information and mapping functionality
  • Track ASA, safety, security and environmental compliance
  • Prioritize capital needs based on your needs

If you are an employee of the system, you can learn more on the Building Conditions Tool Connect webpage.

Energy and Sustainability
Find newsletters, reports, policies and useful links about energy and sustainability.