Local News

Former bank building could become university

— What once was a building where people borrowed money, deposited dollars into accounts and conducted other financial transactions could become a university with agricultural and veterinary programs.

Jimmy Wohl, a real estate broker, said that a Chilean foundation that wants to transform the former downtown Bank of America building into the University of Agricultural and Veterinary Science Education submitted the highest bid during an auction last week.

Wohl said that although the foundation offered the high bid, the sale or the plans for the university won’t become reality until the owner of the building, Bayview Loan Servicing, accepts the bid.

Bank of America left the building about four years ago, he said. Another business that occupied part of the building left it three years ago, he added.

The former bank building has been vacant since.

Robin Hinote, director of Sebring’s Community Redevelopment Agency, said she’s excited about the prospect of a university being opened.

It will bring a lot of people to downtown, she said.

The university is expected to have both American and foreign students.

Wohl said the buyer has been looking at the building for the past three years.


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