Newport city commissioners are poised to approve the issuance of $200 million in revenue bonds that would go toward the purchase and renovations of Newport on the Levee. The city is acting as a pass-through entity.
The big empty parking lot just east of Newport on the Levee is finally scheduled for development. Capital Investment Group broke ground Thursday on an $80 million apartment building and hotel. The project will be called Aqua on the Levee.