Lewis-Clark State College has temporarily pulled its request to purchase the residential portion of Clearwater Hall.

LCSC President Dene Thomas says school officials decided to withdraw the proposal from this week’s State Board of Education’s agenda because of concerns over the current downturn in the economy and housing markets. Thomas expects the plan to be sent back to the developer to square away some issues before being resubmitted to board members.

Developer-owner College Town Development of Idaho had initially wanted the school to buy the entire four-story building made up of three floors of dorm rooms and the ground level of retail space. However, the parties had reportedly agreed on a $3.7 million deal for just the three residential floors.