JONESBORO, Ark. (AP) — Arkansas State University has backed away from its plan to buy a former U.S. Army Reserve Center for use as a math and sciences facility.
Chancellor Tim Hudson says financial factors caused the university to withdraw its application. The school estimated that it would cost $1 million to $2 million to renovate the building for use as Arkansas State's Math and Science Academy.
The property was declared surplus as a result of the 2005 Base Realignment and Closure Act recommendations. ASU submitted an application for the property in 2007.
Mayor Harold Perrin tells The Jonesboro Sun (http://is.gd/YkAVzg ) that the city will pursue its previous plan to convert the reserve center into a major police precinct.
Information from: The Jonesboro Sun, http://www.jonesborosun.com