In response to a lawsuit by a holding company formerly tied to Warren Stephens, the Little Rock city board this week approved a change to the city’s master street plan that removed a westward extension of Capitol Hill Boulevard, as first reported by the Arkansas Democrat-Gazette.
The company, SF Holding Corp., filed the suit last year and added a third, amended complaint in February. At issue were municipal approvals related to a planned expansion of the Copper Run residential development in west Little Rock that violated the city’s master street plan.
Allowing the development to move forward would obligate the city board “to amend the Master Street Plan to cause the Capitol Hill Boulevard Extension to cross real property owned by SF Holding,” according to the complaint. It would also obstruct access from SF Holding Corp.’s property to the “commercial node” north of Worthen Drive that connects to the commercial corridor of Chenal Parkway and Kanis Road.
On June 3, the Little Rock Board of Directors approved an ordinance removing from the master street plan the minor arterial extension of Capitol Hill Boulevard to a proposed principal arterial less than one mile to the west.
Stephens is the former chairman of Stephens Inc. and currently serves as the U.S. ambassador to the United Kingdom. He was previously listed as SF Holding Corp.’s president but pledged to step down from all positions with Stephens and other entities, including SF, in his U.S. Senate confirmation ethics filing.
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