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Academy of Art University Has Left the Building

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Citing lack of support from city officials and "recent, unexpected revelations" by residents, Academy of Art University has, in fact, abandoned its bid for Flower Mart. Says AAU president and talking head Elisa Stephens: "It's enough to say that we feel we were not provided all of the information that one would expect and is entitled to in completing a transaction of this size and complexity," Stephens said. "We harbor no ill will, but we have a responsibility to the university to ensure that its financial interests are protected." Financial interests? Protected? No doubt. [PR Web]