STARKVILLE, Miss. (WTVA) -- The College Board has given its approval to a series of interrelated agreements for a development at Mississippi State.
The approval finalizes plans for The Mill.
The development includes three main projects: transforming the landmark former cotton mill into a conference center with adjacent office space, building an adjacent hotel and developing mixed-use business parcels in the land adjacent to the university's old physical plant.
MSU will sell some property to the developer to become the site of a Marriott Courtyard Hotel and one or more restaurants.
They will also lease the Cooley Building to the developer to be renovated as a conference center, and for MSU to lease back some office space in the building for university use.
MSU's Facilities Management staff is already moving out of the Cooley Building and will be housed in various temporary locations until a replacement facility can be built on Buckner Lane.
MSU purchased the John M. Stone Cotton Mill in 1965 and renamed it after the school's former superintendent of utilities, E.E. Cooley.
The building was placed on the National Register of Historic Places in 1975.
In August, the state College Board approved a land-use agreement between MSU and the city of Starkville for the project's parking garage.
The prior agreement leased a 1.67-acre parcel on which a 450-space parking garage will be constructed to lease to the city for 10 years.
The city will use an $8 million Community Development Block Grant from the Mississippi Development Authority to construct the facility.
At the end of the lease, the garage will become MSU's property.
For more information on Mississippi State University, visit www.msstate.edu.