Fisk Accreditation Depends On Art Deal

LITTLE ROCK, Ark. (AP) -- Fisk University could lose its accreditation if a deal to share its art collection with a new museum in Arkansas falls through.

The Crystal Bridges Museum in Bentonville has offered Fisk $30 million for a 50 percent stake in a modern art collection donated to the university by painter Georgia O'Keeffe in 1949.

On Friday, Fisk filed a motion to expedite a hearing on the deal.

The court documents state that Fisk is losing millions of dollars annually and will lose its accreditation if it does not shore up its finances.

But the Georgia O'Keeffe Museum in New Mexico could try to block the deal. It represents the late painter's estate and says any sale violates the conditions O'Keefe's gift.

(Copyright 2007 by The Associated Press. All Rights Reserved.)