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LITTLE ROCK, Ark. (AP) — The Arkansas State University Board of Trustees has approved a $12.6 million plan to renovate and modernize Wilson Hall on the Jonesboro campus for use by medical students.
The New York Institute of Technology College of Osteopathic Medicine will lease the building and use it as an instructional site and plans to open it in August 2016. NYIT will pay A-State $300,000 annually to lease the space and another $300,000 annually for maintenance and utilities plus $50 per student for security services.
ASU System President Charles Welch says the project will be funded with an $8 million loan for up to eight years while NYIT and A-State each will pay about $2.3 million up-front for renovation, technology and furnishings.
Wilson Hall formerly housed the College of Humanities.
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