News | September 23, 2015 07:52 AM EDT

ASU Gets Approval to Move Forward with Renovation for Osteopathic School

Arkansas State University received state approval Monday to proceed with renovations to Wilson Hall on its Jonesboro campus for a osteopathic medical school.

The school would be run by the New York Institute of Technology, which plans to lease the space in Wilson Hall. ASU received approval from the Arkansas Higher Education Coordinating Board to obtain a loan not exceeding $8 million with a term of eight years at an annual interest rate not to exceed 5 percent.

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