March 24, 2008

Dear Friends,

Boise State University’s success has been phenomenal. The growth of our student body, the strengthening of our academics and the blossoming of our research are all showing the way to a very bright future here. However, finding space for all of our pursuits on campus has proven to be a challenge.

With this in mind, the Boise State University Foundation is in the process of purchasing 8.3 acres of property and an 80,000-square-foot building on Parkcenter Boulevard from SUPERVALU. Once the agreement is finalized, the Foundation will lease the property to the university.

Our vision for this new addition, which is located approximately one mile from the main campus via the Greenbelt, is the development of a new research park. It could be especially useful to those units that have strong relationships with community partners. We are currently developing a list of centers, groups or units at Boise State that would be a good fit for the property – particularly those that don’t rely heavily on specialized laboratory space or classrooms and those that engage regularly with the community. Of course, the space vacated by units moving to the research park can be remodeled for our highest priorities here on the main campus.

Special thanks should go to our partner in this agreement, SUPERVALU. The Foundation will pay $7 million for the building, and SUPERVALU will gift a portion of the property’s market value – a gift in excess of $3 million – to the Foundation.

With careful planning, this new asset will become an incubator for ideas and innovations that advance the research and academic mission of Boise State. It represents an opportunity to expand our research capacity and better connect the work of our faculty and students with the needs of the community. It comes at the perfect time to assist our progress on our strategic plan.

More information about the building and the agreement is available online at Boise State's news Web site.

As always, thank you for all you do for Boise State.

Sincerely,

Bob Kustra

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