Editor,
In Nicky Boyette’s October 19 article on the Mayor’s Task Force on Economic Development, Jacqueline Wolven was quoted as asking why Eureka Springs is not attracting brew pub investors.
The larger question is why our town is not attracting any investment in development. The reasons for that are complex but understandable.
No serious developer can bring development money into town under the current circumstances where the city has multiple unfollowed development plans, a regulatory environment that is inconsistent at best, local real estate and banking customs that are more about getting money than about what is good for everyone, and a lack of understanding of the current ways of doing business in the development sector.
The risk to investors is just too high. Lower the risk, modernize the system, hold on to a well-crafted inclusive development plan and hold on to your hats.
Nancy Brooks