USA Gymnastics has backed out of its purchase of the Karolyi ranch and is exploring alternative sites to hold national team training camps.
The agreement to buy the facility in Sam Houston National Forest located north of Houston was announced on July 25, but USA Gymnastics decided to reverse course within the past six weeks.
“The decision was made for a variety of reasons, including but not limited to unexpected financial expenditures associated with the purchase,” USA Gymnastics said in a statement Tuesday.
Bela and Martha Karolyi had hoped the ranch would be a lasting monument to their legacy with U.S. gymnastics. But it instead became tainted by allegations of sexual abuse by Larry Nassar, the longtime USA Gymnastics physician.