Ralph Burnet has an extensive background in Minnesota real estate and development ventures. He founded Burnet Realty in 1973 and it quickly grew to be the third largest real estate company in America by 1995. Looking to challenge himself further, Ralph decided to enter the hospitality arena in the development of two hotels. He is the owner/general partner that developed LeMeridien Chambers, a boutique art hotel in downtown Minneapolis. Also, as an owner and managing partner, spearheaded the renovation of the Foshay Tower, into what is now the W Minneapolis hotel. Always the sports fan, Ralph was responsible for bringing professional golf to Minnesota in 1993, as the original title sponsor of the Senior PGA tour event from 1993 -2000, the event became, and continues to be the largest charitable fundraising event in the state of Minnesota. Ralph is also a partner in the Minnesota Timberwolves and that passion for basketball lead him to acquire NBA City, a causal upscale sports-entertainment restaurant located at Universal Studios Theme Park in Orlando. Ralph and his wife, Peggy, are avid collectors of contemporary art and have been named one of the top 200 art collectors in the world by ARTnews magazine. Burnet is past chairman and president of The Walker Art Center and has served on the boards of Piper Jaffray, Greater Minneapolis Chamber of Commerce, The Breck School and Fannie Mae. He was appointed chairman of the Task Force on Sports Facilities by former Minnesota Governor Arne Carlson.