Last thing said about it was it would be a lease by a developer. So there would not be a so called donor input needed.
Basically a developer would lease the site from ISU, ISU would have development oversight, and the developer would build and develop the project and area as agreed. The lease would be for X amount of years and provide a set payment structure for said years.
Thus the developer is responsible for developing, maintaining and filing the space as required by agreement. And ISU gets a guaranteed payment for the number of years.
The developer is able to rent/lease spaces to bars, breweries, retail, banks, hotels and other businesses and make a profit and manage the property, and the University does not have to deal with those management tasks, and gets the income it needs.