Troubled Valley Heights Apartments in Little Rock Try New Lease on Life

by Luke Jones  on Monday, Oct. 28, 2013 12:00 am  

“I give them credit because they’ve been very proactive, reaching out to the neighborhood,” Remmel said. “They’ve had several meetings with us and seem very cooperative.”

Bailey’s idea, Remmel said, is to bring the apartments up to “market value.”

Remmel said the neighborhood association is “cautiously optimistic” about its future relationship with Valley Heights. John Bailey did not return several calls seeking comment.

“The big elephant in the room right now is the fact that this place has two owners,” Remmel said.

“They have what they call a cross-easement, meaning that tenants from two different complexes could share parking lots and all that. It’s kind of strange that Bailey is trying to bring his side up to market value while the side owned by Regions is still subsidized housing. What their intent is is not clear.”

George Waldon contributed to this story.



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