Delaware Jackson Apartments Bought by Ohio Company

TUSCALOOSA, Ala. (AP) - The Tuscaloosa Housing Authority has agreed to sell the Delaware Jackson Apartments to an Ohio company
for more than $10 million.

The housing authority has been trying to sell the property, which is vacant, for several years. Edwards Companies of Columbus, Ohio, submitted a successful high bid for the 10.4-acre site containing 120 townhouse-style apartments.

Delaware Jackson Apartments opened in 1971 and were in need of
major renovations when the authority decided to sell them. The complex was to be sold to a developer with plans to turn it into student apartments for the UA School of Law, but the school withdrew from participation and the deal collapsed this spring, sending the authority in search of a new buyer.

The sale is expected to close by the end of the year.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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