Arkansas Tech Trustees Agree to $1.15M Land Sale

by Associated Press  on Thursday, Jul. 17, 2014 3:12 pm  

RUSSELLVILLE - The Arkansas Tech University board of trustees has agreed to sell a parcel of land near Interstate 40 in Russellville to Narayan Hotels LLC for $1.15 million.

The board agreed to the sale Thursday.

ATU purchased the property in 2006 for $1.5 million and operated a student housing facility that the university says returned an operating profit of nearly $879,000.

The housing facility was closed in 2011 and later demolished.

The sale is expected to close Dec. 1.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, rewritten, broadcast or distributed.)



Please read our comments policy before commenting.