(UPDATED) Holy Angels to Hold Alumni Meeting on Campus Master Plan

The Academy of Holy Angels is holding an alumni meeting and open house Wednesday night regarding the potential deal that would redevelop a part of the school's front lawn. The project is part of the school's Campus Master Plan.

A developer has offered the private school almost $6 million—about six times more than the assessed value—for a strip of land along Nicollet Avenue at 66th Street for retail development. School officials believe the sale would allow the institution to start an endowment fund, help pay down some of the $10 million in debt its accrued and make some needed campus improvements.

The proposed retail center would house two to three retail tenants, with potential tenants being that of a coffee shop, frozen yogurt shop, a bank or a drugstore.

The Wednesday event will feature a Q&A session with questions submitted in advance. Those *Holy Angels alumni, and those affiliated with the school, who would like to submit questions or comments, may do so by sending emails to cmpquestions@academyofholyangels.org. Submissions must be made by noon Tuesday, Dec. 10.

The meeting will be hosted by the AHA Board of Trustees and school administrators at 5:30 p.m. Dec. 11 in the AHA Convocation Center, 6600 Nicollet Ave. S. Event organizers are asking that those interested in attending RSVP.

If the project was to move forward, Richfield city officials would have to give their approval, and eventually have to rezone a portion of the school's property. A Dec. 10 discussion with the Richfield City Council was cancelled last week. Further discussions with the city have not been set.

Read: City Council to Hear Holy Angels Development Proposal

Read: Should Holy Angels Sell Land for Retail Redevelopment?

Read: Holy Angels Answers 'Frequently Asked Questions' on Potential Retail Development