Hobby Lobby to donate St. Gregory campus to Oklahoma Baptist
The Associated Press - December 7, 2019 8:51 am
OKLAHOMA CITY (AP) — Hobby Lobby says it plans to donate the campus of the now-defunct St. Gregory’s University to nearby Oklahoma Baptist University.
The Oklahoma City-based craft retailer, and its founding Green family, announced on Friday that they’ve scheduled a Wednesday news conference to formally announce details of the donation.
The University closed in 2017 after failing to receive a $12.5 million loan from the U.S. Department of Agriculture. Hobby Lobby bought the 75-acre campus in 2018 for almost $4.8 million and leased it to Oklahoma Baptist.
The OBU main campus also is in Shawnee, which is 30 miles (48 kilometers) southeast of Oklahoma City.