KETK — UPDATE:
One man is behind bars following the murder of Jesse Lee Hudspeth of Wills Point.
Our partners at KTBB  report, Robert Delano of Wills Point was arrested late monday night and booked into jail.
UPDATE (4:07 p.m.): The man who officials say was stabbed is dead. The alleged suspect is still at large.
The man found dead on East Ohio Street in Van this morning died from a fatal stab wound to the chest, according to Van Police Chief, Tony Richardson.
Van police received a 911 call at 10:26 a.m., of a man in the street, and because initial reports said that gunshots were heard, the schools were locked down.
However, Chief Richardson said that police are questioning several people, and that he does not believe the public is in any imminent danger.
The victim, whose name has not been released, is a white man believed to be in his 40's.
Officials expect they will announce a person of interest this afternoon.
Van ISD is reportedly on lockdown.
Reports say the Van police and DPS are on scene in Van after someone was said to be lying in the road after an apparent stabbing, near Ohio Street and North Bois D' Arc Street.
KETK will update information as it becomes available.