Tagged: Arkansas Development Finance Authority

Tech Firm Touts 10x Returns

Tech Firm Touts 10x Returns

WhispersTechnology & Telecom

Teslar Software of Springdale says it recently offered a 10x return to round one investors who were willing to be bought out. read more >

Mark Conine to Lead ADFA

Mark Conine to Lead ADFA

Banking & Finance

Mark Conine is the new president of the Arkansas Development Finance Authority, a division of the state Department of Commerce. read more >

Hotel Hot Springs Faces Foreclosure Sale

Hotel Hot Springs Faces Foreclosure Sale

Banking & FinanceLegalRestaurants & FoodCover Story

The 200-room Hotel Hot Springs & Spa will be sold at a foreclosure sale to help pay a $128.9 million judgment its owner received in June. read more >

Files Offer Look Inside $120M Delta Resort Bankruptcy

Files Offer Look Inside $120M Delta Resort Bankruptcy

Banking & FinanceLegalCover Story

In December, creditors forced Gary R. Gibbs, the developer of the Delta Resort & Spa in Desha County and the Hotel Hot Springs & Spa, into bankruptcy for defaulting on $119.4 million in loans. It's familiar territory for Gibbs, who recovered from a 2005 bankruptcy only to fall back into financial distress after the New Orleans bank that made his loans failed. read more >

FBI Peers Into Soul of the South Finances

FBI Peers Into Soul of the South Finances

WhispersLegal

Inquiries about how the Arkansas Development Finance Authority and the Arkansas Economic Development Commission came to invest more than $1.7 million in Soul of the South's short-lived financial fiasco are being made. read more >