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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 university's 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 system's board of directors was told to keep the crumbling deal a secret - even from the university's own board.