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Sale of Heifer HQ for brand new dental and vet colleges falls aside

Arkansas Business has the news that Heifer Worldwide is not going to be promoting its downtown Little Rock headquarters to a Lyon School-affiliated entity in any case.

The Batesville-based liberal arts faculty had plans to buy the Heifer campus via an organization known as OneHealth Schooling Group and open a dental school and a veterinary school on the property as soon as 2025. Heifer anticipated to proceed leasing two flooring of the central, 94,000 square-foot workplace constructing.

Just some weeks in the past, the deal gave the impression to be dashing alongside. In October, Lyon’s Institute of Well being Sciences launched renderings of the deliberate improvement, and Mary Hennigan reported for the Arkansas Times that 5 new buildings have been within the works — together with two parking decks, an auditorium and retail house — together with different enhancements on the Heifer campus.

Lyon School President Melissa Taverner stated in an announcement that the varsity nonetheless plans to open “the state’s first veterinary and dental colleges in central Arkansas.”

“We’re actively collaborating with the Little Rock Regional Chamber of Commerce, the Metropolis of Little Rock, the Clinton Basis, and the Downtown Little Rock Partnership on our deliberate dental and veterinary drugs colleges, guaranteeing that the tutorial applications proceed to progress with unwavering momentum,” Taverner stated.

Heifer didn’t instantly reply to a request for touch upon the collapse of the deal. However Arkansas Enterprise quoted the nonprofit as indicating that the issue was on the customer’s finish:

The acquisition settlement to promote the Little Rock campus to OneHealth Schooling Group of Little Rock “expired final week and the sale is not going to be accomplished as deliberate,” Heifer stated in an announcement to Arkansas Enterprise. “Whereas many events labored diligently on the transaction, the customer knowledgeable us that they’d be unable to finish the acquisition throughout the timeline agreed upon within the buy and sale settlement.”

The publish Sale of Heifer HQ for new dental and vet schools falls apart appeared first on Arkansas Times.