Update:
Several news agencies are reporting that a man has been taken into custody on the USF campus.
That follows an intense search on the campus that featured live video footage on cable network MSNBC showing police with guns drawn searching for a man in the campus'
The man was taken into custody in the Parking and Transportation Services area of the campus.
Since approximately 1:36 p.m. today, there have been reports of an armed man on the USF-Tampa campus.
MSNBC has been showing dramatic shots of USF police with guns pointed in the Parking and Transportation Services area of the campus, where the Bull Runner buses are parked.
The network showed three people walking backwards, and then being handcuffed.
School police are asking that all students and staff stay indoors.
TBO.com was reporting that an initial report indicated the gunman also was armed with a bomb and was in the area of the library.