HBCU Aims to Alleviate Financial Struggles with 99-Year Lease
Courtesy of Saint Augustine’s University In a significant move toward financial recovery, Saint Augustine’s University is prepared to make a deal to see part of its campus leased to Coral Gables-based 50 Plus 1 Sports for $70 million over 99 years. Monti Valrie, principal and managing partner of 50 Plus 1 Sports, confirmed the agreement. “We are absolutely thrilled to come to Raleigh and partner with Saint Augustine’s University, local developers, and community leaders in this incredible city,” Valrie stated in a recent interview with the Charlotte Post. He emphasized the company’s dedication to cultivating projects that benefit local residents and