Arkansas Times

Arkansas Blog

« More water applicants | Main | Hold, please, for Sen. Pryor »

Development daydreams dashed

The Northwest Arkansas Times laments how it was taken by the soft-soap peddled by the developers who got significant Fayetteville taxpayer help to tear down the old Mountain Inn and in the form of valuable tax cuts in a Tax Increment Finance District created at their behest. End result, an ugly hole in the ground and no promise that construction of a hotel and condos will ever begin.

Thanks for the tip to The Iconoclast, who closes the circle with news of a still-more-bodacios request for a public handout by some of the same Fayetteville developers.

The supposed free market champions from the Chamber of Commerce sneer at peons who toil at newspapers for our poor understanding of business. But it has always seemed simple to me. If you can make a profit without a state welfare payment you have a sound business. If you can't, your business probably will fail. And maybe it should.

Comments

so how much money did Fayetteville actually lose on the deal?

To round it off to the nearest million, 3, so far, and counting.


Couple that Three Million with the SIXTY THREE MILLION the new sewer plant over-runs cost the people of Fayetteville and

66 Million Reasons not to support Dan Coody.

.

For many years no real estate deal in NWA w/o J Frank getting his nose in the trough, albeit often passively, from boosyers. Was he cut in on this deal as well?

"If you can't, your business probably will fail. And maybe it should."

Off with your head, you pinko liberal. You don't fit in today's modern American Corporate State. Heil Benito.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Life and death
Date: 11/19/2009
By: David Koon

Not many were shocked when Curtis Lavelle Vance was found guilty last week of capital murder, rape, residential burglary and theft of property in the October 2008 beating death of KATV anchor Anne Pressly. /more/

Xmas access nixed
Date: 11/19/2009
By: Arkansas Times Staff

Two weeks ago we reported on the efforts of the Arkansas Society of Freethinkers to put up a winter solstice display on the grounds of the state Capitol. /more/


Charter school wisdom
Date: 11/19/2009
By: Arkansas Times Staff

The state Board of Education last week demonstrated a more searching approach to charter school applications than it has sometimes shown. /more/

Home / Blogs / This Week / Entertainment / Real Estate / Classifieds / Subscribe / Contact