Consultants hired by the Arkansas Legislature say economic development officials overestimated the long term benefits of a proposal to finance a proposed $1.1 billion steel mill and didn't consider uncertainties surrounding the project.
The Legislature on Thursday released a summary of the report by IHS Global Insight. The company was hired to look at the cost and benefits of the proposed Big River Steel project.
Gov. Mike Beebe has asked lawmakers to approve a $125 million financing plan for the mill.
Arkansas State Police say Interstate 40 in eastern Arkansas has reopened after a multivehicle crash left one person dead and at least a dozen others hurt.
State Police say a vehicle crashed Thursday morning in the eastbound lane of I-40 near the White River Bridge - then metal debris from the roadway apparently flew up and hit another vehicle, which stopped the single lane of eastbound traffic.
The Mexican government is providing a new source of funding to an ongoing collaboration between University of Arkansas for Medical Sciences and the Mexican Consulate in Little Rock. It would provide health services to Mexican people living in Arkansas.
At Thursday's presentation, UAMS and Consulate officials explained how the money will be used.
A bill that would have directed a portion of state revenue from certain sales taxes to the Highway and Transportation Department failed to pass a house committee Thursday, though its sponsor says it could get another try in committee.
Representative Jonathan Barnett, a Republican from Siloam Springs, sponsored HB 1418 and says if he does bring it back up, it will have to compete with other bills cutting or reallocating state funding.
Interstate 40 was closed in both directions east of Hazen because of an accident mid-morning Thursday near the White River Bridge involving three tractor-trailers and a car. Around noon police began letting some westbound traffic through.
KUAR’s Malcolm Glover was at the scene and reports an official with the Arkansas Highway and Transportation Department told him that a car stopped on the interstate and was struck by one truck, with two others then colliding into the wreckage.