- Associated Press - Saturday, January 3, 2015

LINCOLN, Neb. (AP) - A little more than a year after buying a $750,000 house for then-University of Nebraska President J.B. Milliken, the NU Foundation has announced it will put the house up for sale.

The decision was made at the request of the University of Nebraska Board of Regents, the Lincoln Journal Star reported (http://bit.ly/14kAhZP ) Saturday.

The house was bought in December 2013 and slated to be remodeled to become the official home of the university president. A month later, Milliken was named chancellor of City University in New York and never moved into the 7,000-square-foot house.

The Lancaster County assessor valued the house at $653,900, the foundation said in a news release issued Friday afternoon.

“It has been determined that a different residence would better meet the future needs of the university,” the release said.

Regent Tim Clare said that most large universities, including nearly all Big Ten schools, provide homes for their presidents.

“I think once we got into determining whether or not this was going to fit that description and enable us to be in a position where we are treating our president in a similar fashion, we determined this property was not the property that would enable us to do that,” Clare said.

The regents and the foundation will begin looking for a new residence for the next president, expected to be named in the coming weeks.

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Information from: Lincoln Journal Star, http://www.journalstar.com

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