|Updated: 8/13/2012 11:11 pm
||Published: 8/13/2012 11:04 pm
Monday night, during a North Little Rock City Council meeting that ran more than three hours, council members heard from city planners and an architect about a proposal to build apartments and townhouses by the Arkansas River.
The nearly 45 acre site runs along River Road near the River Trail. Mayor Pat Hays supports development only if the River Trail is protected.
The developers have offered to by the former quarry site from the City of North Little Rock for $1.2 million. That is below the $1.7 million appraised value. Developers would have to spend money supplying water, sewer and electricity to the site.
The architect explained nearly 500 units would be able to fit on the site without meeting maximum density limits. He also mentioned a marina in the proposal.
Mayor Hays plans to have a public hearing on the issue August 27. That is also the earliest the council could vote on whether to sell the land. Developers then would spend $100,000 doing a feasibility study on the site.