University Lands Celebrates 75 Years In Midland
By: Big 2 News Staff
Updated: March 21, 2012
MIDLAND -- For 75 years, a University Lands office has operated in Midland and hosted lease sales twice a year.
On Wednesday evening, residents, community leaders and lawmakers marked the 75 year milestone with a reception.
Organizers say the last 3 land sales have all broken records -- with the most recent sale bringing in more than $3 million in September 2011.
"Frankly, we're kind of running out of land," Texas Land Commissioner Jerry Patterson told Big 2. "There is less and less to lease, which is a good thing. We're pretty much leasing all that we have."
All the money raised in the lease sales goes to the Permanent University Fund, which supports higher education in the State of Texas.
The Spring 2012 University Lands Lease Sale will take place at 10 AM Thursday at the Petroleum Club in Midland.
On Wednesday evening, residents, community leaders and lawmakers marked the 75 year milestone with a reception.
Organizers say the last 3 land sales have all broken records -- with the most recent sale bringing in more than $3 million in September 2011.
"Frankly, we're kind of running out of land," Texas Land Commissioner Jerry Patterson told Big 2. "There is less and less to lease, which is a good thing. We're pretty much leasing all that we have."
All the money raised in the lease sales goes to the Permanent University Fund, which supports higher education in the State of Texas.
The Spring 2012 University Lands Lease Sale will take place at 10 AM Thursday at the Petroleum Club in Midland.
