LITTLE ROCK, Ark. (AP) — The Arkansas Teacher Retirement System hopes to invest $60 million in the $1 billion Big River Steel LLC mill planned for Osceola, officials announced Wednesday.
George Hopkins, executive director of the Teacher Retirement system, said the fund's staff and a consultant spent about six months looking at the venture and concluded it's a strong project. Trustees meet Monday to vote on whether to go ahead with the investment, which would represent one-half of 1 percent of the $12.25 billion fund.
The investment would be contingent on the Legislature's approval of a $125 million loan to help finance the mill project, which also would have to clear regulatory hurdles.
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