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LOUISVILLE, Ky. (WDRB) -- Spalding University announced the university's plans for the new Republic Bank Academic Center, May 10, 2013.
Tori Murden McClure, president of Spalding, hosted the press conference with Republic Bank CEO Steve Trager and Louisville Mayor Greg Fischer.
McClure described her first meeting with Trager about the bank's building after assuming Spalding's presidency in 2010.
"In my first year as the president of Spalding, I had a meeting with Steve Trager," McClure said. "And I knew he owned the building behind me -- it was valued at well over a million dollars, and I asked Steve to just give us the building. And he said, in essence, 'I don't even know you.'"
McClure thanked Trager and Republic Bank for working alongside the university to help pay for the acquisition of the building. She described "a synergy of service" at Republic Bank that reflects the community dedication at Spalding University.
The new academic center formerly housed a creamery, which produced canned milk for the city.
"Where once this building sustained the community with food, Spalding will now use the building to sustain people with opportunity in knowledge," McClure said.
The press conference displayed a blueprint of the center's interior, which is scheduled to be complete by 2014.