The Board of Regents will consider a proposal to sell the old American Institute of Business Campus in Des Moines during their meeting next week in Ames.

AIB gave the property to the University of Iowa as a gift in October of 2015 and closed down its operation The plan at the time was for the AIB students to become U-I students, but that didn’t pan out and the campus was named the Iowa Center for Higher Education.

The center lost money and the U-I made the decision to sell the campus in 2018 as part of cuts to several programs.

The Board of Regents will consider an offer of $7.5 million  for nearly 14 acres and 8 buildings. The land had been assessed at around $20 million.

Previous stories:

AIB College of Business merging with University of Iowa (audio)

Changes made in the University of Iowa and AIB merger

U-I president: ‘This is a gift; the U-of-I is not paying for AIB’