HomeMy WebLinkAboutark demogaz article2D* SATURDAY, JULY 7,20180 0
Business nears in brief
QUOTE OF THE DAY
"The markets had already sold off the prior
two weeks The market probably had built
that expectation in already and today we're
seeing a nice rebound."
Dan Heckman,
of U.S. Bank Wealth Management, regarding Friday's
rise in stock prices despite an escalating U.S. -China
trade rift
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Timber firm asks LR to annex 180 acres
The timber company behind the Chenal residential and
commercial subdivisions in west Little Rock has asked the
city to annex another 180 acres for a new development.
PotlatchDeltic Corp. has not submitted development
documents for the woods north of Kanis Road and west
of Iron Horse Road, but city officials in a report on the
annexation request noted the company is developing a
single - family subdivision within the city adjacent to the
site at a density of about 3.5 lots per acre.
The report was referring to the Wildwood Place subdi-
vision on the south side of Denny Road and southeast of
the M ildwood Center for the Performing Arts, said Walter
Malone, the city planning manager.
The 180 acres is within Little Rock's extraterritorial
reach and is zoned R-2, single family. That zoning has a
minimum lot size of 7,000 square feet, the report said.
The annexation request, which would allow the prop-
erty to obtain city services such as sewer and water, is
scheduled to go before the Little Rock Planning Commis-
sion on Thursday. The staff has yet to make its recom-
mendation, the report said.
Deltic Tunber Corp. of El Dorado, which was behind
the Chenal development for 30 years, merged with Pot-
latch Corp. of Spokane, Wash., earlier this year.
Noel Oman