North Dakota State University: Scheels to buy its plane

FARGO (AP) — A North Dakota State University airplane that drew the ire of lawmakers might have a buyer.

The university's foundation said Scheels All Sports has signed a letter of intent to buy the Beechcraft King Air B200.

NDSU has been leasing the plane for roughly $320,000 a year from the privately run foundation since July 2007.

Legislators earlier this year established a central aircraft management system of state-owned planes overseen by the Department of Transportation.

The law also required NDSU to discontinue its lease by June 2017.

A news release from the foundation didn't disclose the purchase price.

Source:    http://www.jamestownsun.com