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The Parsons Building was gifted to the Foundation serving ACTC in the fall of 2006 by Perry & Susan Madden. They gave the building to the Foundation contingent on two conditions:
Plans for renovating the building include a total new mechanical and electrical infrastructure and renovation of the 2nd through 5th floors.
Classrooms for Health Science and other disciplines would occupy the 2nd & 3rd floors. A new Business & Industry Center would occupy the 4th floor and A Conference Center capable of 400 participants would be facilitated on the 5th floor.