Justin Haas @HaasMan21 - Twitter Profile

2 days ago

Iowa State's CyTown is a going to be a revenue engine, and the pro forma is starting to show it. The university is projecting $184M in net revenue over 30 years, with about half coming from a revenue-share with developer Goldenrod and roughly 30% from a tax arrangement with the City of Ames that routes a share of the district's property tax payments back to the university. The Regents approved leases for six of eight buildings in December, so tenant deals are moving now. 40 acres and more than 500,000 square feet between Jack Trice and Hilton, anchored by a clinic, a 215-key hotel, an amphitheater, office, retail, and food and beverage. Goldenrod and McFarland are investing around $185M, the university already put in $30M, and Iowa State holds the land and carries no debt on the buildings. Q3 2027 occupancy. The suites show how many revenue lines stack up. 60 units, each one a $50K commitment fee, a $450K donation to the ISU Foundation, and $25K to $30K a year in operations over ten years, which is roughly $27M in donations from one product line before the hotel and commercial tenants are even counted. And $184M may be the floor. Every tenant in the district will spend continuously on construction, facilities, food service, insurance, and procurement, which is a large recurring pool of B2B dollars. The schools that turn their tenant base into a commercial network, where that spend flows back to the institution, are the ones that take projects like this well past the base case. CyTown gives Iowa State the platform to do it. Excited to see how this progresses.

nickatnocap's tweet photo. Iowa State's CyTown is a going to be a revenue engine, and the pro forma is starting to show it. The university is projecting $184M in net revenue over 30 years, with about half coming from a revenue-share with developer Goldenrod and roughly 30% from a tax arrangement with the City of Ames that routes a share of the district's property tax payments back to the university.

The Regents approved leases for six of eight buildings in December, so tenant deals are moving now.

40 acres and more than 500,000 square feet between Jack Trice and Hilton, anchored by a clinic, a 215-key hotel, an amphitheater, office, retail, and food and beverage. Goldenrod and McFarland are investing around $185M, the university already put in $30M, and Iowa State holds the land and carries no debt on the buildings. Q3 2027 occupancy.

The suites show how many revenue lines stack up. 60 units, each one a $50K commitment fee, a $450K donation to the ISU Foundation, and $25K to $30K a year in operations over ten years, which is roughly $27M in donations from one product line before the hotel and commercial tenants are even counted.

And $184M may be the floor. Every tenant in the district will spend continuously on construction, facilities, food service, insurance, and procurement, which is a large recurring pool of B2B dollars. The schools that turn their tenant base into a commercial network, where that spend flows back to the institution, are the ones that take projects like this well past the base case. CyTown gives Iowa State the platform to do it.

Excited to see how this progresses.

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Justin Haas @HaasMan21

about 2 months ago

@mikegens https://t.co/oOkSqYK0Zc

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Justin Haas @HaasMan21

3 months ago

@mikegens Slammed a few 5-hr energy drinks tonight in preparation!

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HaasMan21 retweeted

Cyclone Dave

@CycloneDave69

3 months ago

Iowa State trailed 30-23 prior to winning this loose ball. Since this point until the 6:39 mark of the second half they outscored Kentucky 47-17. Indubitably the play of the game.

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Who to follow

Matt Malham

@MMalham

Married, parent, former football coach, now golf coach/Health-PE teacher, huge ND fan, love to golf

Tyler Tarrant

@Tarrant_T12

Husband, Father, Christ Follower. Assistant Principal, Cabot Junior High South. Arkansas State Alum. Saved by the Grace of God! #WooPig #StAte #GoPackGo

Jeremy Wilson

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God over problems, Co-Host WellSeeYaLater podcast, Razorback fan, 3rd grade spelling bee champ

HaasMan21 retweeted

TNT Sports U.S.

@TNTSportsUS

3 months ago

Oz the Mentalist had Chuck thoroughly mind-blown 🤯🤣 #MarchMadness

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HaasMan21 retweeted

Jon Gruden

@BarstoolGruden

3 months ago

I officially have my bracket for this year’s tournament! Don’t expect a lot of upsets this year… and I have IOWA STATE winning it all! Good luck to everyone this year!!

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Justin Haas @HaasMan21

3 months ago

@mikegens @CycloneMBB Meet you down in St. Louis?!

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HaasMan21 retweeted

Iowa State Men’s Basketball @CycloneMBB

3 months ago

The Hometown Hero. Loyal Son. Forever True. #Cyclones | #C5C | @TaminLipsey

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HaasMan21 retweeted

espnW

@espnW

4 months ago

⭐️ 3x U18 World Champion ⭐️ 2x World Champion ⭐️ 2022 Patty Kazmaier Award ⭐️ 2023 No. 1 overall PWHL pick ⭐️ 2024 Walter Cup champion ⭐️ 2025 Walter Cup champion ⭐️ 2026 Olympic gold medal Taylor Heise has an incredible hockey resume 🤩

espnW's tweet photo. ⭐️ 3x U18 World Champion
⭐️ 2x World Champion
⭐️ 2022 Patty Kazmaier Award
⭐️ 2023 No. 1 overall PWHL pick
⭐️ 2024 Walter Cup champion
⭐️ 2025 Walter Cup champion
⭐️ 2026 Olympic gold medal

Taylor Heise has an incredible hockey resume 🤩 https://t.co/Ef7oUEQep5

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Justin Haas @HaasMan21

4 months ago

I have worked for a guy who said pretty much the same thing. So dumb and abhorrent!

College Transfer Portal

@CollegeFBPortal

4 months ago

NEW: Ole Miss coach Joe Judge tells pregnant partners of players during the season that the father has to play good football. “He needs to be in another room, detached… he ain’t waking up for midnight feedings.”

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HaasMan21 retweeted

On3 NIL

@On3NIL

4 months ago

NEW: Florida State University reported $437 million in athletics-related debt for fiscal year 2025, per @DanielLibit. Athletics made up 71% of FSU's total debt. Read: https://t.co/j7RqMb5LHR