SALT LAKE CITY (AP) - The founder of cancer research institute blames Utah of University leaderships for a recent dispute.
The Huntsman family and the university have dispute over how much money the university should be putting toward the Huntsman Cancer Institute. Jon Huntsman Sr. placed ads in Deseret News and the Salt Lake Tribune on Friday which states the university owes $54 million based on a memorandum of understanding signed in 2014.
The parties have a 2014 agreement that outlines that the university must pay a 50 percent share of the Huntsman Cancer Hospital’s margins. The university is also responsible for covering the institute’s operating expenses.
The university is looking to hire an independent auditor to sort out the parties’ financial relationship.
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