University of Louisville Foundation leaders have abandoned a promised review of a real estate transaction involving a major donor’s Oklahoma factory. The move follows a KyCIR investigation into the unique land deal.

Following a KyCIR investigation, the chairman of the University of Louisville Board of Trustees called for further examination of a real estate transaction involving the school’s foundation and a major donor.

KyCIR reveals how the university’s nonprofit fundraising arm took a 99 percent ownership stake of a vacant factory in Oklahoma. The move appears to have no academic purpose and raises ethical red flags, experts said.