Fort Smith paper notes senator's city-backed project | Arkansas Blog

Tuesday, December 8, 2015

Fort Smith paper notes senator's city-backed project

Posted By on Tue, Dec 8, 2015 at 7:05 AM

The Southwest Times-Record reports here on earlier reporting about a $111,000 federal tax lien filed against one of Sen. Jake Files' business.

The article touches on another Files deal that has prompted some inquiries from Fort Smith residents previously. The newspaper recounts:

Files and fellow developer Lee Webb are building a long-planned softball complex for the city of Fort Smith at Chaffee Crossing. They say the complex will feature eight fields designed to host a range of youth or adult sports tournaments and activities that include softball and baseball.

In 2014, the city agreed to buy a completed product, dubbed the River Valley Sports Complex, for $1.6 million, then lease it to Webb and Files to operate. At an estimated cost $4.3 million, the facility will be built with the city’s $1.6 million along with donations and in-kind services, according to the developers.

So far the city has released about $400,000 of the $1.6 million based on construction milestones.

“Getting the dirt work done, I think, was the hardest challenge out there,” Parks Director Doug Reinert said Monday. “Now hopefully they are going to start putting up walls for some structures.”

A completion date for the project is March 31.


$2.4 million in "donations and in-kind services?" (A big portion of that is $1.1 million in value ascribed to the donation of land from the Fort Chaffee Redevelopment Authority.) The city is paying to build a facility that it will lease to developers who presumably have a plan to profit from the city-built facility. Did anybody wonder if the city could have simply operated the facility itself? Of course, when a private developer gets taxpayer money for most of  project capital costs, it makes it somewhat easier to turn a profit.

The deal was approved by a split City Council that had some concerns that developers could meet their end of the bargain. Bears watching.

Tags: , , ,

From the ArkTimes store

Favorite

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

More by Max Brantley

  • One killed in club fight on Asher Ave.

    LRPD report on early morning homicide in Asher Avenue club fight.
    • Nov 18, 2017
  • The Clinton anniversary open line

    An open line and a check on the 25th anniversary of Bill Clinton’s presidential election. Already today, Hillary Clinton has signed several thousand copies of her book and made headlines with a Mother Jones interview in which she says the legitimacy of Trump's election remains in doubt.
    • Nov 18, 2017
  • CORRECTION: Downtown gets spruced up with lighting ceremony MONDAY

    A bit of old-time Christmas magic returns to downtown Little Rock MONDAY NIGHT with the lighting of a 55-foot tree at Capitol and Main festooned with lights and custom-made blown-glass topper.
    • Nov 18, 2017
  • More »

Readers also liked…

  • Judge anticipates punishment of lawyers in Fort Smith class action case

    Federal Judge P.K. Holmes of Fort Smith issued a 32-page ruling yesterday indicating he contemplates punishment of 16 lawyers who moved a class action lawsuit against an insurance company out of his court to a state court in Polk County after a settlement had been worked out.
    • Apr 15, 2016
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017
  • 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

Most Viewed

  • The Clinton anniversary open line

    An open line and a check on the 25th anniversary of Bill Clinton’s presidential election. Already today, Hillary Clinton has signed several thousand copies of her book and made headlines with a Mother Jones interview in which she says the legitimacy of Trump's election remains in doubt.
  • One killed in club fight on Asher Ave.

    LRPD report on early morning homicide in Asher Avenue club fight.

Most Recent Comments

Blogroll

 

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