![]() ![]() "We were assured it was in good shape and important to the future of Springdale," he said. ![]() "It's not a perfect scenario, but we didn't go into it blind," Lawson said.Ĭouncil member Mike Overton said the city planned no formal tour for the council before the building's purchase. But he, Bill Mock, the director of the city's Parks and Recreation Department, and Mike Lawson, chairman of the council's Parks and Recreation Committee, toured it with Brad Baldwin, the city's director of engineering and public works. Nor did the city go through a certified inspection, Sprouse said. In the haste of the deal, the city didn't seek an appraisal. The real estate deal that earned the city its new facility jumped forward like a sprinter, said Mayor Doug Sprouse. The building remains a good buy for the city, he said, even if the city skipped some real estate purchasing norms. Mayor Doug Sprouse said nothing surprising has popped out during early work stages at the arena. But the city's estimate of more than $1 million worth has at least one council member expressing "buyer's remorse." It was part of a triple-decker real estate deal involving a business in downtown Springdale, the public schools and the city.Ĭouncil members unanimously approved the $4.1 million purchase of the building in December and knew it needed repair. The city purchased the athletic facility on Cambridge Street, formerly known as the All-Star Sports Arena and Next Level. 18, said Wyman Morgan, the city’s director of finance and administration. In turn, the city bought the sports arena with the $2.2 million from the sale of the recreation center and $2 million more from the 2018 bond program for parks. The district then bought the city’s now-former recreation center at Murphy Park for $2.2 million. The city’s purchase of the All-Star Sports Arena started with Recasting LLC, a company associated with the Walton family, purchasing the Springdale School District’s building on Emma Avenue for $2.2 million.
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