Grand Canyon backs out of Mass. deal

BOSTON – Grand Canyon University – an Arizona-based Christian college – has backed out of a deal for a free 217-acre campus in Massachusetts, The Associated Press reported. The college cited millions of dollars in unanticipated costs that it said made an expensive project too risky. More

To continue reading this article, please do one of the following.



education

Grand Canyon backs out of Mass. deal

Posted 11/5/12

BOSTON – Grand Canyon University – an Arizona-based Christian college – has backed out of a deal for a free 217-acre campus in Massachusetts, The Associated Press reported. The college cited millions of dollars in unanticipated costs that it said made an expensive project too risky.

Grand Canyon University informed the owners of the Northfield campus last week, five weeks after a ceremony in which it was named the recipient after an extensive search.

Steve Green, whose family owns the site and the Hobby Lobby craft-store chain, told the AP they will begin a new search soon.

The classic stone and brick campus in the hills along the Connecticut River was once home to the Northfield Mount Hermon School, founded by 19th-century evangelist Dwight L. Moody. The for-profit Grand Canyon University, based in Phoenix, planned to eventually attract 5,000 students there by offering a low-cost, private Christian education, the AP said.

The school’s president said further review had uncovered about $30 million in extra costs for building updates and infrastructure upgrades, in addition to the $150 million it planned to spend, he said. •

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement