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Park Plaza mall, the insolvent Little Rock shopping center, is scheduled to go on the auction block on Oct. 28, according to a notice of commissioner's sale posted on the Pulaski County circuit/county clerk's website.
Park Plaza mall, the insolvent Little Rock shopping center, is scheduled to go on the auction block on Oct. 28, according to a notice of commissioner's sale posted on the Pulaski County circuit/county clerk's website.
The mall still owes a large amount of money from a $99 million loan in 2011. The business had 10 days to pay it which has now ended.
As Arkansas' unemployment rate returns to near pre-pandemic levels -- with July's rate reported at 4.3% on Friday -- business owners and economic development officials remain concerned that the state's shrinking labor force is sapping business growth and recruitment efforts.
The board of the Little Rock Regional Chamber of Commerce has endorsed Little Rock Mayor Frank Scott Jr.'s "Rebuild the Rock" sales-tax increase ahead of the Sept. 14 citywide referendum on the tax.