Tagged: hiren patel

Texarkana Convention Center Buyer Makes Request for Reconsideration

by Arkansas Business Staff 5/15/2017 12:00 am

The Texas podiatrist who wants to buy the hotel and convention center on the Arkansas side of Texarkana out of bankruptcy asked a judge to reconsider the denial of some tax incentives tied to the project.

Judge Approves Sale of Troubled Texarkana Convention Center

by Mark Friedman 5/8/2017 12:00 am

A U.S. District Bankruptcy judge last month approved the sale of the hotel and convention center on the Arkansas side of Texarkana.

Podiatrist's Purchase of Convention Center Gives Texarkana Officials Cold Feet

by Mark Friedman 3/6/2017 12:00 am

A Texas podiatrist with a past that includes a federal conviction wants to buy the troubled Arkansas Convention Center & Holiday Inn out of bankruptcy — and that has some Texarkana officials on the Arkansas side concerned.

Midsouth Bank Accuses Arkansas Convention Center Owner of Fraud

by Mark Friedman 3/6/2017 12:00 am

MidSouth Bank of Lafayette, Louisiana, has asked a bankruptcy court judge not to allow Dr. Hiren D. Patel, who owns the Arkansas Convention Center & Holiday Inn in Texarkana, to be allowed to walk away from a $13.3 million debt he owes the bank.

Texarkana Convention Center Could Soon Change Hands

by Arkansas Business Staff 2/13/2017 12:00 am

Texarkana Hotels, owned by Dr. Hiren D. Patel, has entered into a $6.6 million purchase agreement with James J. Naples, and will be seeking the court’s approval of the sale.

Financial Trouble Among Competing Convention Centers Split in Texarkana

by Arkansas Business Staff 1/23/2017 12:00 am

MidSouth Bank of Lafayette will be paid proceeds from the sale of a Texarkana hotel which was sold through the bankruptcy of convention center investor Dr. Hiren Patel.

Arkansas Convention Center Troubles Dog Texarkana Investor

by Mark Friedman 5/2/2016 12:00 am

Dr. Hiren D. Patel’s investments in a convention center and hotels on both sides of Texarkana have turned into one financial headache after another.

Doctor Behind Arkansas Convention Center Files Chapter 11

by Arkansas Business Staff 4/5/2016 10:07 am

Hiren Patel, the Texas doctor who developed the Arkansas Convention Center in Texarkana, Arkansas, filed Chapter 11 bankruptcy, adding to a string of setbacks for Patel and the convention center.

Convention Center Woes Still Splitting Texarkana

by Arkansas Business Staff 3/28/2016 12:00 am

Before dueling convention centers became a thing in Jonesboro, they were a thing in Texarkana. And it’s not turning out well in Texarkana.

Convention Center in Texarkana Faces Foreclosure

by Associated Press 11/3/2015 10:15 am

The Arkansas Convention Center in Texarkana is facing foreclosure after defaulting on about $10 million in loans.

Harold Boldt Is Resigning as Texarkana City Manager

by Sean Beherec 3/25/2015 1:50 pm

Harold Boldt’s announcement came immediately after the city board’s approval of a $220,000 settlement of a whistleblower lawsuit filed by former city clerk Patti Grey.

Texarkana Directors Feel Misled on Land Deals Made by City Manager

by Sean Beherec 2/9/2015 12:00 am

In the wake of a state audit, a criminal probe, a whistleblower lawsuit and an investigation by private citizens, the former mayor of Texarkana has concluded that he and other city directors were rooked.

State Audit Finds Problems In Texarkana Development Deal

by Gwen Moritz 2/26/2014 4:34 pm

A state audit of the city of Texarkana's dealing with a hotel and water park developer found numerous apparent violations of state law and has been forwarded to the local prosecuting attorney.

Liens, Looming Audit Put Texarkana Business Park Under More Scrutiny

by Luke Jones 1/20/2014 12:00 am

Since Texarkana rehired its controversial city manager, the financial problems dogging Harold Boldt’s economic development projects have only deepened.

$300K in Liens at Texarkana's Arkansas Convention Center

by Lance Turner 11/27/2013 9:22 am

Contractors have filed $300,000 in liens against the Arkansas Convention Center in Texarkana, Ark., owned by Hiren Patel, who's building the project with incentives championed by ousted, then re-hired, City Manager Harold Boldt.

Texarkana City Manager Seeks $2M For Park Project

by Luke Jones 12/10/2012 12:00 am

Texarkana’s city management is seeking almost $2 million to fast-track a parking lot as part of the planned Holiday Springs Water Park in Texarkana.

Texarkana Convention Center Showdown Ends in Dueling Developments

by Luke Jones 10/29/2012 12:00 am

It was the best of times; it was the worst of times - but mostly the latter. In the mid-2000s, Texarkana's economy was slumping, and city leaders were searching for ways to prod it back to life. What ensued was a development race yielding two convention c