Fresh off taking a likely bath in its defaulted bond issue to keep Yarnell’s Ice Cream in business, the Arkansas Development Finance Authority has been struggling this week with refinancing deals on a couple of cratered historic renovation projects in downtown Little Rock.
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It has completed new financing, with new management, for the Kramer School Lofts project in the old Kramer School. It is also working on new financing for the East Side Lofts (below).
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Read on for Leslie Newell Peacock’s report on these two projects.