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Los Angeles Medical School Risks Losing New Nursing Building

The long-anticipated opening of a new nursing-school building at the Charles R. Drew University of Medicine and Science is clouded with uncertainty because of financial troubles that could put the entire university at risk, the Los Angeles Times reported today. Drew’s interim president, Keith Norris, said the university would have to use reserve funds to make loan payments on the $43-million building, which opened Friday. If the university defaults, its remaining assets, which serve as collateral, could be seized, he said. Drew’s former president resigned last year in the midst of the university’s continuing financial struggles.

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