Item 8.01. Other Events.

On September 21, 2012, Hobby Lobby Stores, Inc. ("Hobby Lobby") announced that it had selected Grand Canyon Education, Inc. (the "University") as its intended recipient of the 217-acre campus in Northfield, Massachusetts. After conducting further diligence, however, the University determined that it would not be in its best interest to proceed with the development of the campus and, on October 25, 2012, informed Hobby Lobby that it will not accept the gift.

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