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Racy project.

Racy Project

The engines are starting to rev on a $9 million project that could bring big-time racing to Pulaski County.

Water Sports Inc., which has a Hot Springs connection, intends to develop a man-made lake for speedboat racing. Included in the plans are an oval track and drag strip for national class auto racing.

The location for this grand project, covering several hundred acres, will be near the intersection of Arkansas Hwy. 391 and Faulkner Lake Road.

The North Little Rock Planning Commission, which has developmental jurisdiction over the area, approved the preliminary plat in mid-March.

The site lies about a quarter-mile beyond the North Little Rock city limits, so zoning is a non-issue. As with most visionary projects, financing will be a key question. Water Sports is hoping to find an answer to that in the coming months.

Smiley Balloon

Generates 250 Calls

A recent call for Walter Smiley to jump into the governor's race (Arkansas Business Jan. 15-28, 1990) didn't convince him to run for the state's highest office.

However, it did drum up some political support for the former Systematics exec, who received more than 250 telephone calls encouraging him to think about it.

Some of those Smiley boosters even sent campaign contributions, including some as high as $1,000. Smiley appreciated the sentiment, but he returned all the money.

"I'm not going to run for governor," Smiley vows. "I'm going to stay out of politics. I don't think I would enjoy it, and I don't think I would be effective."

If Smiley doesn't want to be governor, there's another post at least one powerful Little Rock business executive would like to see him fill.

Eugene T. Reville, the Pulaski County metropolitan school supervisor killed in an automobile crash, accomplished much in a short time, and Smiley is being touted as his replacement. U.S. District Judge Henry Woods is expected to make a decision on the appointment soon. Smiley could not be reached for comment.
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Title Annotation:Water Sports Inc. to develop speedboat racing, auto drag strip
Publication:Arkansas Business
Date:Mar 26, 1990
Words:330
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