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LISA FERRELL HER HUSBAND Jim Jackson s dream riverfront neighborhood development project in downtown North Little Rock still faces some significant hurdles.
The infrastructure along the Arkansas River just west of the Broadway Bridge is old and to move the development forward the couple needs redevelopment bonds.
The good news for them is in December, the city of North Little Rock designated the approximately five-block area that will be called Rockwater Village as a redevelopment district, which means it can receive tax increment financing. The North Little Rock City Council is expected to vote next month on funding the TIF bonds.
Ferrell said she doesn't know how much money she'll need for the work on the streets and utilities. But she knows without the TIF funding, Rockwater won't be developed.
Her vision for the approximately 60-acre Rockwater is to mix single family and multifamily homes within walking distance of shops and commercial space.
"The infrastructure in the area is aged," Jackson said. "The sewer lines are old. The water lines are old. The drainage is old or …
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