- Associated Press - Friday, December 16, 2016

TOPEKA, Kan. (AP) - State officials have agreed to sell the investments of the Kansas Bioscience Authority for about $14 million.

The Topeka Capital-Journal reports (https://j.mp/2gSNvra) Gov. Sam Brownback and leaders on the State Finance Council on Friday agreed to authorize sale of the portfolio to Origami Capital Partners for $14 million to $14.5 million.

The state has invested $232 million in the Bioscience Authority since it was formed in 2004 to accelerate growth in the bioscience sector.

The Legislature and Brownback had previously agreed to sell assets of the KBA to bolster the state budget and built $25 million in anticipated revenue into the current fiscal year’s budget.

The KBA’s building and land are also for sale, and officials say deals for those portions are likely to be completed.

___

Information from: The Topeka (Kan.) Capital-Journal, https://www.cjonline.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide