Bruce Burrow, Developer of the Mall at Turtle Creek in Jonesboro, Files for Bankruptcy

Bruce Burrow, the Jonesboro developer and political player, has filed for reorganization under bankruptcy laws, Mark Friedman of Arkansas Business reports. He listed assets between $10 and $50 million and debts between $50 and $100 million, including loans tied to struggling Hilton Hotel in Little Rock and the vacant, old Brandon's furniture building. Burrow used tax incentives to build a Jonesboro shopping mall. Court complications interfered with Burrow's plan to use the same tax incentives as leverage for a Bass Pro Shops development in North Little Rock.