University of Arkansas at Little Rock Chancellor Joel E. Anderson has proposed a fifth site to consider for the future location of the Little Rock Technology Park.
Speaking to the UALR Board of Visitors and media on Tuesday afternoon, Anderson said the university is offering a large plot of land on the eastern side of its campus to the Little Rock Technology Park Authority, where the park would be constructed. Anderson said school officials have been discussing this plan for the last three months.
The 20.45-acre site is bound by 27th Street to the south, Fair Park Boulevard to the east, 24th Street to the north and Fillmore Street to the west.
Anderson said the university already owns "a little more than half" of the proposed acreage — it has been buying properties as they become available on the market, he said — necessary for the development. Should the board accept the site as the future location of the technology park, Anderson said the board would then discuss how the Technology Park Authority would purchase the remaining acreage.
Going into detail, Anderson said there are 65 properties currently occupying the prospective site, 28 of which are owned by UALR. Of the remaining 37, 20 are rental properties and 17 are owner-occupied.
Anderson said the university has been speaking with those residents, and a meeting for them is scheduled Tuesday night at the former UALR Welcome Center on the south end of campus.
One of the inherent risks to the school, Anderson said, is that the proposal cuts into the school's "campus master plan," which school officials developed in 2009 with several expansion goals planned for the university.
The Little Rock Technology Park Authority Board is scheduled to meet Wednesday afternoon, where Anderson said he will address this topic with the board.
Read more about this in tomorrow's Arkansas Democrat-Gazette.