Taekwondo deal with city: 65 percent break on taxes? | Arkansas Blog

Tuesday, May 5, 2015

Taekwondo deal with city: 65 percent break on taxes?

Posted By on Tue, May 5, 2015 at 5:08 PM

Board to consider demolishing the Brittnum Rooming House at 1325 W. 12th St.
  • Board to consider demolishing the Brittnum Rooming House at 1325 W. 12th St.

The City Board of Directors tonight will vote on a resolution to issue $13 million in capital improvement revenue bonds so that a new headquarters for the American Taekwondo Association can be built at 1800 Riverfront Drive. The bonds will provide the funds to acquire the land, construct the headquarters and equip it.

The ATA has notified the state Department of Finance and Authority that the bonds will bring with them an in-lieu-of-tax payment of 35 percent of the property tax that would otherwise be due, though that language is not in the resolution. City Attorney Tom Carpenter, in email to Max, who had asked if the city was going to reduce ATA's property taxes by 65 percent — which will reduce tax dollars to the public school district — without notice to the public, says there will be a public hearing before the PILOT is agreed to. Carpenter said the PILOT will not be in effect until the bonds are issued, and the bonds will not be issued until construction is complete. Until then, the ATA will pay property taxes on the property during construction.

I'm not sure why moving the ATA headquarters from Baseline to Riverfront Drive guarantees new jobs or why it needs such a boost from the city and a sacrifice on the part of the school district, but perhaps we'll find out tonight when the board meeting starts at 6 p.m.

The board will also vote on whether to tear down a property at 1325 W. 12th St., owned by Narcissus Tyler. Tyler says the structure was once used as a boarding house and was home to black Arkansas Travelers in the 1960s, including Dick Allen, Ferguson Jenkins and Alex Johnson. Tyler said Howard Love, an executive at the Urban League of Arkansas in the 1960s and '70s, lived in the house as well.

The "Brittnum Rooming House" was voted April 9 by the Historic Preservation Alliance of Arkansas to be included on the 2015 list of Most Endangered Properties. That list is to be announced May 14, Tyler said.

It will cost the city $4,500 to tear the building down.

Speaking of historic properties: Paul Dodds, who has been renovating dilapidated homes in the Central High neighborhood, has been asked to speak to the board during citizen comment period about what he sees as looming trouble at Centennial Park.

Tags: , , ,

From the ArkTimes store


Comments (2)

Showing 1-2 of 2

Add a comment

Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by Leslie Newell Peacock

  • Matt Damon to portray LR charlatan famed for goat testicle implants

    John Romulus Brinkley is one of Arkansas's greatest frauds, famed for his claim, fatal for some, that surgery to implant goat glands into testicles would restore virility. Thanks to the upcoming movie "Charlatan," we might get to see Matt Damon handling goat gonads, birthmoviesdeath.com reports.
    • Sep 20, 2017
  • Alley parties returning downtown

    The Downtown Little Rock Partnership will host its first Alley Party of the fall at 5:30 p.m. Thursday, Sept. 21, at 409 Main St., in the open lot between the Little Rock Technology Park and KATV. Arkansas Rice Depot and the tech park are sponsors; the Buh Jones band will perform and Stone’s Throw Brewing will serve craft beer and wine. Things will wrap up around 8:30 p.m. The Alley Parties are a project of the partnership to promote life downtown.
    • Sep 14, 2017
  • For pop-up tacos, visit Viva Vegan

    Viva Vegan is now serving its tacos, nachos and Strawberry Cheezecake from 5 p.m. to 8:30 p.m. Fridays from an order window at the in-the-works brick and mortar restaurant it will lease at 4601 W. 12th St., on the corner of 12th and Adams streets.
    • Sep 14, 2017
  • More »

Readers also liked…

  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016
  • Another Republican miracle-working governor

    Great piece in Washington Post on the budget crisis in Louisiana. Big tax cuts and corporate welfare will do that to a state, particularly to a state whose previous governor, Republican Bobby Jindal, refused to join the Obamacare-funded Medicaid expansion. There's a lesson there for Arkansas.
    • Mar 4, 2016
  • IHOP coming down, but .....

    I always scan the Little Rock City Board for items of interest this week and this one caught my eye: A zoning measure required by a proposal to tear down the IHOP at Markham and University.
    • Apr 30, 2016

Most Shared

  • ASU to reap $3.69 million from estate of Jim and Wanda Lee Vaughn

    Arkansas State University announced today plans for spending an expected $3.69 million gift in the final distribution of the estate of Jim and Wanda Lee Vaughn, who died in 2013 and 2015 respectively.
  • Bad health care bill, again

    Wait! Postpone tax reform and everything else for a while longer because the Senate is going to try to repeal and replace the Affordable Care Act one more time before September ends and while it can do it with the votes of only 50 senators.
  • Sex on campus

    Look, the Great Campus Rape Crisis was mainly hype all along. What Vice President Joe Biden described as an epidemic of sexual violence sweeping American college campuses in 2011 was vastly overstated.

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation