DES MOINES, Iowa -- The Iowa Board of Regents will meet in Iowa City Wednesday and Thursday to consider and recommend the gifting of the AIB Campus.
"Well certainly, it's has been a long process but exciting to be able to get it to this point,” said Josh Lehman, Iowa Board of Regents spokesperson. “For it to get to the board for consideration is exciting. To be able to potentially offer programming to citizens of Des Moines is exciting."
Lehman said that he would be really surprised if the board didn’t recommend accepting the gift. He did acknowledge that with a gift this large you need to be extremely careful and all the proper steps have to be taken.
Iowa Code §262.11 requires that property management, the purchase of land, and use of land as well as agreements, leases and easements be approved by the Board of Regents by a roll call vote. Under board policy, approval includes the procurement of real property by gift, grant, purchase or any other method.
The main part of the gift is the real estate at the AIB campus. There are approximately 20 acres and numerous buildings. The most recent assessed valuation of the real estate property by Polk County is $21.55 million, exclusive of equipment, other personal property and financial assets.
The Gift Agreement cites that the University of Iowa’s use of the gift will be “to conduct programs of higher education for the benefit and enrichment of the citizens of the greater Des Moines and Central Iowa areas.”
The Gift Agreement recognizes the review begun by the Board of Regents to assess long-term higher education needs and means of delivery in the Des Moines community, as well as the University of Iowa’s expectation of offering selected degree programs at the AIB site in the fall of 2016.
The board office has issued a Higher Education Needs Assessment for the Des Moines Metro.
The findings of the report will be reviewed and evaluated by the Regent’s Study Team and used to coordinate and provide information to help ensure that the expansion is effective, efficient and responds to the educational needs of the region and the Regent universities. The recommendations will then be presented to the board and review in March of 2016.
“They will look at all of the factors. Programming options, location, traffic flow, everything and issue the report staying these are our findings,” said Lehman. “That is long term. That has no impact on the short term use of the AIB property to become a Regents Resource Center. The University of Iowa will have their four programs offered in the fall of 2016."
No matter the findings of the report, classes will be held at the campus by University of Iowa in the fall of 2016.