Little Rock: Plaza Towers Troubles Started Before Fire
By: Jocelyn Tovar, KARK 4 NEWS
Updated: July 11, 2012
During a Pulaski County Public Facilities Board meeting Tuesday, it was announced the apartments had defaulted on a bank loan at the beginning of April.
A fire ripped ripped through a unit at the begging of June displacing tenants for a week and killing an elderly woman.
The board issues bonds on behalf of the county and Tuesday's meeting was simply a status update on the apartment's situation.
Nothing was decided.
"Essentially representing the county as the issuer for the bonds," said Kelly Conley a member of the board. "Just to understand what's going on. What the status is with obviously Plaza Towers being in technical default. A financial situation."
The board was also briefed on a lawsuit against Valley Heights Apartments by the City of Little Rock. The complex being called a nuisance.
Nothing new happened with the lawsuit.
A fire ripped ripped through a unit at the begging of June displacing tenants for a week and killing an elderly woman.
The board issues bonds on behalf of the county and Tuesday's meeting was simply a status update on the apartment's situation.
Nothing was decided.
"Essentially representing the county as the issuer for the bonds," said Kelly Conley a member of the board. "Just to understand what's going on. What the status is with obviously Plaza Towers being in technical default. A financial situation."
The board was also briefed on a lawsuit against Valley Heights Apartments by the City of Little Rock. The complex being called a nuisance.
Nothing new happened with the lawsuit.
Comments
at the begging of June (really?)
Ken A.
July 11, 2012 at 9:14 am
