This morning, I reported that the University of Minnesota finalized a 40-year aggregate mining agreement this month for UMore Park.
Document: UMore Park mining agreement
The U finalized its 40-year agreement this month with Dakota Aggregates LLC for mining more than 1,700 acres of the property in Rosemount and Empire Township.
By jennaross
June 22, 2011 at 2:52PM
That 104-page lease sets the initial prices the U will earn for each ton of gravel, sand, clay and dirt mined. It outlines where the company can mine and when. It also explains who's liable if things go wrong.
Here's the full document:
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jennaross
The governor said it may be 2027 or 2028 by the time the market catches up to demand.
