UPDATE: U. Iowa names children's hospital after donors - KWWL - Eastern Iowa Breaking News, Weather, Closings

UPDATE: U. Iowa names children's hospital after donors

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IOWA CITY (KWWL) -

UPDATE:

The Board of Regents unanimously approved a request to name the University of Iowa Children's Hospital the "Stead Family University of Iowa Children's Hospital" after donors Jerre and Mary Joy Stead, who donated $25 million to the project.

"They are honored, they are excited about this," said Vice President of Medical Affairs Jean Robillard. "And interestingly, this is not something they wanted to give money for brick and mortar, that's not what they do. But in this case, they understood the impact was so large to the people they love in Iowa, that they decide to do it that way."

Some have wondered if there is a connection with the renaming and Stead's long time relationship with Bruce Harreld.  Stead was on the search committee that brought in Harreld as the new president.  But a University spokesperson said Wednesday the request to name the building after the Stead's came long before the search for the president began.

In all, the Stead's have donated nearly $54 million to the University.

"I think the Steads have done just tremendous over the years. They have been tremendous benefactors, not just for the children's hospital, but also for the rest of the university," Robillard said.

"I think more important than all that is the impact of their gift on the life of these children and ability to cure them."

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Iowa City (AP) --The University of Iowa is fast-tracking a plan to rename its 96-year-old children's hospital to honor a top donor who played a role in the recent presidential search.

The university Wednesday asked the Board of Regents to rename the UI Children's Hospital the "Stead Family University of Iowa Children's Hospital" after businessman Jerre Stead and his wife, Mary Joy. The board is to vote on the plan later Wednesday. The name would take effect when the new $360 million hospital is dedicated.

The Steads have given $53.9 million to Iowa to support children's medicine and the business school. Jerre Stead is CEO of IHS, a business information provider.

Jerre Stead was on the search committee that recruited businessman Bruce Harreld for the UI presidency. Harreld has called him a mentor.

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All eyes and ears are on the University of Iowa today.

The Board of Regents may be renaming one of the university buildings.

The Iowa Board of Regents spokesman says they are obeying the law by letting everyone know about this proposed building renaming.

But there isn't a lot of information yet about what exactly is happening today.

We don't know what building is being renamed or what that name will be.

More details will be released at today's board meeting.

It is on the agenda, and is expected to be announced and approved.

Typically in the past, the regents have named buildings to recognize donors.

With these previous renaming, the board also waited until the day of the meeting to announce the new name.

Also on today's agenda, Iowa State asking the regents for permission to tear down the Spangler Lab and storage building.

It was first built in 1949 and the university hasn't used it regularly in years due to maintenance problems.

KWWL's Brad Hanson contributed to this report.

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