If wishes were fishes...

More Dissembling on MoreU Park

(Hat tip to Michael McNabb)

 From the Pioneer Press:

Once Dakota Aggregates gets up and running by spring 2012, the operation could bring the university $3 million to $5 million annually through the company's sale of sand and gravel, Muscoplat said.

Hmm...

and what does the lease say:

In November 2010 the Regents approved a 40 year lease for mining at UMore Park.  The lease provides for a minimum royalty of $5 million (for the entire 40 year lease) plus annual royalties between $425,000 and $800,000.  See p. 2 of the November 11, 2010 report of the Facilities Committee of the Board of Regents at http://www.umn.edu/regents/minutes/2010/november/facilities.pdf and pp. 13-14 of the November 11, 2010 report of the Finance & Operations Committee at http://www1.umn.edu/regents/docket/2010/november/finance.pdf.

$$$

$$

$