There's a big ruckus over it right now. The University of Nebraska now owns the property and hired a demolition company to take the original main building down. NU said the building was unsafe, yet a 3 ton wheel loader was on the roof and the second floor knocking walls down.
It's now partially down and it turns out neither NU or the demolition company got a permit to demolish it. That was as of a day or two ago.