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.
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 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.
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.
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.
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