On Tuesday, February 18, 2014, the Fort Chaffee Redevelopment Authority (FCRA) board voted to convey 200 acres of real estate to the Fort Smith Regional Healthcare Foundation (FSRHF) for a proposed school of osteopathic medicine at Chaffee Crossing in Fort Smith, Arkansas.

This gift will change the economy of the Fort Smith region forever by creating high tech, high paying jobs as well as jobs that will be created through commercial, retail and service development near the college.

FCRA Executive Director Ivy Owen welcomed a crowd at the Janet Huckabee Arkansas River Valley Nature Center on Tuesday, February 18, 2014 to make the formal announcement of the $58 million medical school. He was joined by FCRA board members, members of the FSRHF board and the Arkansas Osteopathic Medical Association, representatives of regional medical partners and local elected officials.

Owen told the crowd, "This is very exciting for our board. Chaffee Crossing is the perfect place for a medical school. It will be near I-49 and I-40, providing access easy for faculty and students and ultimately access to the highest quality medical care for the people of western Arkansas and eastern Oklahoma. The land that the FCRA board donated for the school is located in both cities of Fort Smith and Barling. This is great news for everyone in this region."

Members of the Fort Chaffee Redevelopment Authority board who voted unanimously to convey the generous land gift are: Dean Gibson, Chairman Paul McCollom II, Vice-Chairman Bob Bradford, Secretary/Treasurer Kelly Clark Bob Evans Janie Glover Galen Hunter Chuck Peacock Drew Williams, AEDC

Ex-offical members of the board include: Mayor Sandy Sanders, City of Fort Smith Mayor Jerry Barling, City of Barling Judge David Hudson, Sebastian County