The Little Rock Technology Park Authority board met today to hear a report from Jeff Yates, the realtor the board hired to look for properties along Main Street for lease or new construction for the tech park. Alas, Yates said he'd need until the board's July meeting to get sufficient information from property owners before he could make his recommendations for a site among the four real-estate Main Street clusters he'd previously identified as most suitable.
The only other news of note: Brent Birch, the newly hired director of the Tech Park, will start work July 7. He'll work out of the Little Rock Chamber of Commerce until the ARK Challenge wraps up at the end of the year when he'll move into the temporary space the tech park is subleasing on the first floor of the Block 2 Lofts building on Markham. Birch's salary is to be $100,000.
The Little Rock Technology Park plans to close Friday on its first purchases of real estate: 5 Main Place at Fifth and Main streets, the Annex Building at 417 Main, the Mays Building at 415 Main St., the parking lot between the Mays Building and the KATV-Ch. 7 building (referred to as the Center Theater lot, because that is where the theater stood before Stephens interests had it demolished), the parking lot on the west side of Main between Fourth and Fifth, the old Stephens Inc. offices on Fifth Street, and the Keith parking at Scott and Fifth Street. /more/
Tech Park executive director Brent Birch reported to the board that in response to several inquiries from various companies about the park and when it will be open, he's been saying November or December. Construction is to begin in March. The work is to begin on the top, sixth, floor of the building, known as the Annex. Leasing will begin before the work on the building is complete. /more/
The Arkansas Federal Credit Union, having gotten nowhere with complaints to the publicly financed Little Rock Technology Park Authority, has complained to the city board of directors that they were unfairly cut out of a lending consortium for financing of construction in the downtown project because banks don't like credit unions.They are correct. /more/
Though the original idea was to get the Little Rock Technology Park off the ground without debt, the park authority today heard from board member Dickson Flake that it will need to get financing to buy the properties it wants on Main Street. The park expects to borrow some $30 million, putting up $6.8 million in equity from city sales receipts. /more/
Brent Birch, the director of the Little Rock Technology Park, will address the City Board of Directors soon after the meeting starts at 4 p.m. today. If you are interested in a summary of what the Tech Park Authority has been doing of late and the timeline for development of the park, you can watch at the link on the littlerock.org home page. /more/
The Little Rock Technology Park Authority board on Wednesday night heard from park Director Brent Birch that two large tech companies and several small ones are eager to move into space on Main Street that the park is negotiating to buy. However, the buiilding, the annex to the Exchange Building at the northeast corner of Fifth and Main, probably won't be ready for occupation until the last quarter of 2015, Birch said. /more/
Twenty-four hours after meddling in President Obama's talks with Iran, hawkish Sen. Tom Cotton scheduled an off-the-record meeting with defense contractors, who'd be happy to supply goods for U.S. armed incursions in the Middle East.
This morning, I was a student ambassador for Philander Smith College and the Social Justice Institute at a House Committee that discussed Rep. Nate Bell’s proposal to divide a Robert E. Lee and Martin Luther King, Jr. holiday.
The police have charge Jeramye Morgan Hobbs, 24, with capital murder in the slaying of Frank Steinsiek. He was found fatally wounded on a parking lot in the 1900 block of W. 65th Street Wednesday afternoon.
Kyle T. Miller, who describes himself as a "licensed and ordained prophet" and says he has been "prophesying and interpreting dreams for almost 15 years," has been named the director of the Delta Cultural Center at Helena.
Attorney General Leslie Rutledge's disastrous appearance Monday night on CBS — which produced a record amount of comment and views on both our Facebook page, Twitter account and Arkansas Blog — apparently didn't harm her standing as a Trump surrogate. She's back on air today, this time blaming Hillary Clinton for Bill Clinton's indiscretions 20 years ago.
Prosecuting Attorney Larry Jegley's office today filed notice in district court that it would not prosecute misdemeanor obstruction charges against state Rep. John Walker, 79, and a legal colleague, Omavi Kushukuru, 29, filed after Walker angered officers by filming a traffic stop.
The Little Rock police department released copies of dash camera footage of a traffic stop that led to the arrests of state Rep. John Walker, 79, for obstructing governmental operations, a charge later dropped. They reflect some sharp words between Walker and officers preceded his arrest.