Page 2 - Art Kellermann News Today

“The developer exploited our desire to partner with the city...to push a grossly one-sided project that offers limited value to VCU Health but saddles us with all of the project’s costs and risks,” then-VCU Health CEO Art Kellermann said days before signing off on the deal.

Former VCU Health CEO Art Kellermann long lobbied against a $325 million capital project that was eventually abandoned and in face of hefty internal opposition.

The pricey collapse of VCUs plan to erect a 17-story tower on its medical campus raises anew questions about leadership at the sprawling public university.

Whats shocking about the lavish collapse of Virginia Commonwealth Universitys plan to erect a health care tower where stands the carbuncle that is Richmonds junked public safety headquarters is that

The pricey collapse of VCUs plan to erect a 17-story tower on its medical campus raises anew questions about leadership at the sprawling public university.

Whether its a dispute over a failed real estate deal that cost VCU millions or a dispute over racial and cultural awareness at the school, the universitys longtime president, Michael Rao, usually figures prominently when fights break out.

The CEO of VCU Health felt the deal to redevelop the Public Safety Building was risky and one-sided. But VCU administrators had pursued the parcel for a decade. Ultimately, it cost $73 million to back out.

VCU Health needs to improve "team-based decision making," the interim CEO says after the health system paid $73 million to exit a development deal.

VCU Health needs to improve "team-based decision making," the interim CEO says after the health system paid $73 million to exit a development deal.

The health systems board of directors was told to keep the crumbling deal a secret - even from the universitys own board.