Downtown Condos Too Rich for Scott Howe

by Arkansas Business Staff  on Monday, Aug. 22, 2011 12:00 am  

Are you feeling inadequate because you don't think you can afford a high-rise condominium in downtown Little Rock?

Don't beat yourself up. Neither does the new CEO of Acxiom Corp.

Scott Howe told us that he was on the hunt for a home in Little Rock, and although he's looking all over town, his first choice was to live within walking distance of his company.

But he was distressed to find the condos were in the same price range as Chicago or New York and then perplexed by the price relative to supply when he realized there were more than a few units available for sale.

For what it's worth, one of Howe's predecessors at Acxiom, longtime "company leader" Charles Morgan, didn't blink at the entry price to high-rise living in downtown Little Rock.

Morgan paid $792,000 earlier this year for a 19th-floor condo in the River Market Tower and pulled a $350,000 construction permit to finish out the space.

Howe's base salary at Acxiom is $600,000 per year, and his contract includes a temporary relocation allowance of $5,000 per month for up to 12 months and reimbursement for reasonable relocation costs.

But the former Microsoft executive will have continuing expenses back in Seattle, where his family plans to remain through the current school year.

In other news, Howe said he finally got to try that Whole Hog barbecue that was the hands-down favorite among Acxiom employees he surveyed - and he loved it.



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