Are Fayetteville developers insane?
Richard S. Drake
Oh, happy day!
Milver Investments is looking to build what is described as a "mixed -usedevelopment" at the end of West Avenue in Fayetteville. Along with 3,700 square feet of restaurant space, and 8,327 feet of office space, there are plans for seventeen condos.
WWhat a grand idea - right when the United States is experiencing a housing downturn, and an overbuilt condo market, it just makes all the sense in the world to build condos in the New York City of the Ozarks.
Maybe if some developers were seen less as visionaries and more as being a few cans short of a six-pack, Fayetteville wouldn't be so overbuilt itself.
*****
A few weeks ago a smiliing anchor on the evening news announced that the "Spam King" in California had been arrested, so we should be seeing a lot less spam in our mailboxes. "What planet are you on?" I wondered.
Sure enough, as if to honor his memory, every other spammer on the planet seems to have tripled their output.
Still, I've tried so-called "spam filters" - they block real email from coming in, along with spam. So for now, I'll grin and bear it. Besides, there is always the chance that I might actually win that European lottery . . .
Comments
There's always a Johnnie-come-lately and sometimes a bank or two around to go along with misplaced optimism. Let's keep in mind 'those who do not learn from history, doomed.....'
Me, I'm just banking that my newly discovered lottery skills brings in the big one just as these guys are overstretched to the max, then I shall be the shining, redeeming knight and step in and help them out.
I think we were both around in the 80s when the last big NWA overbuild screeched to a halt and big time players took bankruptcy. I went to Dallas in 1987 for bidness training and discovered commercial property was going for 30 cents on the dollar. most of it halted development so there were finishing costs to be incurred. But still it was bargain basement on new office buildings and apartment compounds.
Posted by: Knoc Knock![[TypeKey Profile Page]](http://www.arktimes.com/blogs/streetjazz/nav-commenters.gif)
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June 23, 2007 12:56 AM
In this case, the answer is "No". Click my name to see why.
Posted by: John A Arkansawyer![[TypeKey Profile Page]](http://www.arktimes.com/blogs/streetjazz/nav-commenters.gif)
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June 23, 2007 02:20 PM
Hey Richard, I have NO stake in this (except I'm a subscriber) - check out www.spamarrest.com - it works GREAT!
Posted by: Larry![[TypeKey Profile Page]](http://www.arktimes.com/blogs/streetjazz/nav-commenters.gif)
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June 24, 2007 11:34 AM