Liens filed on Main Street projects | Arkansas Blog

Monday, August 3, 2015

Liens filed on Main Street projects

Posted By on Mon, Aug 3, 2015 at 7:25 AM

click to enlarge SCOTT REED: Unfinished business.
  • SCOTT REED: Unfinished business.
Arkansas Business reports that $1.5 million in claims have been filed against developer Scott Reed related to unfinished loft projects in the 300 and 500 blocks of Main Street.

The meat of the matter:

The liens and lawsuit underscore Reed’s financial troubles in completing both redevelopments and add to his track record of overreaching, underfinanced, subsidy-supported development in Little Rock. (See timeline here.)

Reed, of Portland, Oregon, hit the development spotlight in Little Rock in 2010. Nearly five years after he unveiled his plans and two years after a relaunch, the 30 apartments in the K Lofts project remain unfinished.

Reed's problems are his own. And much good is happening downtown. But things aren't happening at the rate that you might think from the fact that, for example, the Little Rock Tech Park recently decided to spend several million more than the taxpayer-appraised value for some pieces  of property for the taxpayer-financed project.

Tags: , , ,

From the ArkTimes store


Comments (8)

Showing 1-8 of 8

Add a comment

Subscribe to this thread:
Showing 1-8 of 8

Add a comment

More by Max Brantley

Readers also liked…

  • 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
  • Latest Obamacare repeal bill would hit Arkansas treasury hard

    The latest effort to undo Obamacare, the Graham-Cassidy legislation, would shift federal support for health coverage to a block grant system to the states. Bad news for Arkansas.
    • Sep 18, 2017
  • Kenneth Starr: A comment from Betsey Wright

    Betsey Wright, former President Bill Clinton's chief of staff when he was Arkansas governor, responds bitterly to a New York Times article today quoting Whitewater Prosecutor Kenneth Starr's warm words about Clinton. She can't forget the lives Starr ruined in Arkansas.
    • May 24, 2016

Most Shared

Most Viewed

Most Recent Comments

  • Re: The week's over and the line's open

    • looked around for a source for Blair ...… No, pedophile supporter, he is not…

    • on December 15, 2017
  • Re: The week's over and the line's open

    • Oh, dear ... Your pre-adolescent girl child asked for a pony for Christmas? What? You…

    • on December 15, 2017
  • Re: The week's over and the line's open

    • Cato1, if you ever attend one of my presentations on election fraud, you will hear…

    • on December 15, 2017



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