Tuesday, August 7, 2012

Bruce Burrow files big bankruptcy

Posted By on Tue, Aug 7, 2012 at 11:59 AM

BRUCE BURROW
  • BRUCE BURROW
Bruce Burrow, the Jonesboro developer and political player, has filed for reorganization under bankruptcy laws, Mark Friedman of Arkansas Business reports. He listed assets between $10 and $50 million and debts between $50 and $100 million, including loans tied to the Hilton Hotel in Little Rock and the old Brandon's furniture building.

Burrow has been a major supporter over the years of Attorney General Dustin McDaniel, who, as a legislator, carried a bill that enabled Burrow to capture tax incentives to build a Jonesboro shopping mall. Court complications interfered with Burrow's plan to use the same legislation as leverage for a Bass Pro Shops development in North Little Rock. He and his wife, Sherry, had been appointed to high profile state boards — he on the Economic Development Commission and she on the state Board of Education.

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