The University District Development Corporation, which grew out of a 2006 initiative by UALR Chancellor Joel Anderson to help the neighborhood around the college, honored the retiring chancellor last night in a fitting way.

It has created a UALR scholarship to be given every year to a student who lives in the district. The final amount isn’t set yet, but Joe Busby, who works in the neighborhood effort, said it was hoped to be between $500 and $1,500 annually.

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