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Article: Barber Group filings signal failure's extent.
- Article from:
- Arkansas Business
- Article date:
- September 7, 2009
- Author:
CopyrightCOPYRIGHT 2009 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE FAIRY-TALE STORY OF THE Barber Group ends at Chapter 7.
Two freewheeling young developers married to daughters of privilege sought to change the landscape of northwest Arkansas with talk of upscale multistoried and multimillion-dollar projects. But over-leverage and under-performance meant their stardom was little more than a brilliant flash.
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Now at least one of them has said that he has undergone a "stressful exercise of humility."
The Legacy Building in Fayetteville--the company's premier development and its only completed large-scale project--is perhaps the most prominent symbol of its rise and fall. Now ...