The construction of the Big River Steel mill is a project defined by superlatives: at $1.3 billion, the biggest economic development project in Arkansas history; at $700 million, the biggest construction project in the state; one of the most technologically advanced, etc.
A year after the highly publicized announcement that a $1.1 billion steel mill was coming to Mississippi County, economic development officials say the project is moving forward despite a rival’s objections.
The Arkansas Senate conducted a “committee of the whole” session today to quiz Gov. Mike Beebe, Arkansas Economic Development Commission Executive Director Grant Tennille, and other parties involved in the $1.1 billion Big River Steel deal.
Arkansas Teacher Retirement System Executive Director George Hopkins says the fund's board is planning to vote Monday on investing $60 million as the project raises startup cash. The investment represents about one-half of 1 percent of the fund's $12.25 billion in assets.