Did you know the FBI is interested in the flow of money surrounding the Soul of the South Network?
The crash-on-takeoff venture in west Little Rock was partially fueled with public money through the Arkansas Development Finance Authority and the Arkansas Economic Development Commission.
Inquiries about how the state came to invest more than $1.7 million in the short-lived financial fiasco are being made.
The fundraising effort, which drew tax-credit financing and private investors, also is drawing scrutiny.
More than $15 million was pumped into the money-losing media enterprise.
The cash bled out less than three years after plans were announced for the 24-hour regional broadcast network targeting African-Americans and employing 150 people at its Little Rock headquarters.
Sign up for Daily E-news
