NLR wheeling and dealing | Arkansas Blog

Thursday, May 29, 2008

NLR wheeling and dealing

Posted By on Thu, May 29, 2008 at 8:33 AM

Argenta News muses on some recent land purchases near the NLR Electric Department by the V3 investment group that has made a number of investments in the Argenta neighborhood (old downtown).

He speculates, and I bet he's onto something, that this could be a piece of an emerging land swap that could put those properties in the city's hands for a city services building and turn over some desirable property on Main Street, particularly a city office building, into developers' hands for redevelopment.

The same developers figure in the former Rye Furniture building, mentioned in a Democrat-Gazette article, as a suggested spot for a city events facility. That might be a puzzle piece, too.

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