Publisher Hussman profits on Gazette building sale | Arkansas Blog

Monday, March 21, 2011

Publisher Hussman profits on Gazette building sale

Posted By on Mon, Mar 21, 2011 at 8:49 AM

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George Waldon's real estate column in this week's Arkansas Business reports the sale of the old Arkansas Gazette building at Third and Louisiana to its occupant, the eStem charter school, for $5.3 million. It was valued at $1.1 million when it was among the assets Democrat-Gazette Publisher Walter Hussman received as part his deal with Gannett Corp. to end the Little Rock newspaper war. The building was substantially renovated for conversion to the school and Hussman has been leasing it until now. According to past reporting, he loaned the school $3.2 million, at 6 percent interest, for renovations.

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