A Gatlinburg arts and crafts school is one step closer to buying its building, but it still needs to raise $2 million.

Arrowmont Arts and Crafts School worked out a deal to buy its campus from the Pi Beta Phi fraternity. The school will buy the property for $8 million.

Arrowmont brought in $6 million through grants and private donations, but still needs $2 million more in less than two months. The contract is set to close on March 31st.

School leaders say they are excited about the agreement, but they won't consider it a done deal until they bring in the extra money.

Pi Beta Phi started Arrowmont as a settlement school more than a century ago, and the school later narrowed its focus to arts and crafts.

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