Seems like the first step is to see if the administration is willing to put up statues on campus or around the stadium of Gopher Greats.
If they are open to this, the fund raising process can start.
Seems like there is room next to the alumni building or around the sports venues themselves.
I would add statues of Winfield and Molitor at Seibert field, McHale at Williams Arena, Herb Brooks at Marriuci, etc.......
If there were specific fund raising for statues to honor Gopher greats, I would be happy to make a reasonable donation.