The new tower was born out of discussions between two ascending business executives, John Flake, a Little Rock real estate developer, and Jerry Maulden, president of Arkansas Power & Light (now Entergy). Construction began in 1984 on the $72 million building, and in 1986 the building was completed and dubbed The Capitol Tower.
The new tower arose from dialogue between two prominent business figures, John Flake, a Little Rock real estate magnate, and Jerry Maulden, president of Arkansas Power & Light (now Entergy). In 1984, the $72 million building began construction, and by 1986, it was finished and designated The Capitol Tower.