A multi-million dollar deal has been struck in Cabot, Arkansas.
On Monday, November 18, Lyon College and the City of Cabot reached a historic lease agreement for the new School of Veterinary Medicine. The school will be located near Exit 21 in Cabot. Land worth $5.7 million has been approved to be sold for the project.
Multi-Million Dollar Deal Struck For Cabot, Arkansas
The agreement was greenlit by Lyon College’s Board on November 12 and by the Cabot City Council on Monday. Groundbreaking is scheduled for early 2025.
The veterinary school will be part of a new multi-acre campus adjacent to Game Time at The Grounds city park.
The City of Cabot also approved the sale of 20 acres to developer 11 Arrows for $5.7 million, earmarked for animal services.
The leased land will house facilities for animal support services, a community veterinary clinic, and administrative offices.
Cabot Mayor Ken Kincade released the following statement:
“Cabot’s commitment to fostering excellence in education and healthcare aligns perfectly with Lyon College’s mission. Together, we are creating a hub for veterinary excellence that will not only benefit our residents and animals but also contribute to the advancement of veterinary medicine regionally and beyond.”
