City to consider selling 11-Million Dollars of bonds to cover DSU Athletics Event Center funding

The Madison City Commission will consider issuing bonds to provide for a portion of the financing and construction of the Dakota State University Athletics Events Center

The issuance of revenue bonds, in one or more series, would be in a principal amount not to exceed $11,000,000.

The Resolution indicates that the City is authorized to issue and sell revenue bonds for the purpose of promotion and advancing postsecondary education, and that the City finds and declares that it is necessary, essential, and a public purpose for the City to finance a portion of the DSU Athletics Events Center, in order to stimulate and develop the general economic welfare. 

In 2022, DSU officials announced that 45-million dollars had been raised for the new DSU Athletics Facilities. Ground was broken later that Spring, The new Athletics Events Center includes an upgraded football stadium, relocated track, esports arena, soccer field, a biomechanics lab, Institute on Human Movement and Aging, classrooms, and more.

The football field is expected to be ready to host games this coming Fall. 

Tonight’s City Commission meeting begins at 5:30 in the Commission room at Madison City Hall.