The Arkansas Teacher Retirement System is selling back to Lindsey Properties its interest in some apartments it acquired 12 years ago.
The teacher pension fund acquired an almost-half percent interest in more than 17-hundred apartments in three Oklahoma locations.
The board of the retirement system voted to sell the units back for other reasons than a poor return on its investment. The apartments brought a seven percent return the first five years and eight percent the last seven.
A day after announcing it was cutting housing assistance at the end of next month for residents impacted by the Mayflower oil spill, ExxonMobil has apparently reversed course.
Congressman Tim Griffin of Arkansas’ second district released a statement Friday afternoon saying that after urging the oil giant to reconsider, the company now says it will continue paying for housing through the end of the year.
The Delta Grassroots Caucus is supporting a congressional bipartisan group aiming to restore the Delta Queen steamboat for traveling purposes.
The vessel, a national landmark from the late nineteenth century, once journeyed to ports in several states along the Mississippi River. But after the 2008 liquidation of owning company Majestic America, the Delta Queen ceased operations and currently serves as a floating hotel in Chattanooga, Tenn.