For several years, beginning in 1901, the Lucas brothers, Creighton and Richard, maintained a mining claim on the north side of Sugarloaf Mountain, but no ore or oil was discovered.
The lease specified that the land was to be used as a public park and picnic ground, and that the town should have the right to build barbecue grills, tables and benches; it also specified that no lumber should be cut except as prescribed by the Arkansas Forestry Commission, and then only by the grantors or their heirs.
[1] Beginning in March 2002, Arkansas State University, ASU-Beebe, purchased 249 acres on the east side of the city of Heber Springs which included Sugarloaf Mountain.
Construction on the ASU-Heber Springs campus at the base of Sugarloaf Mountain was completed in 2007, which consists of the Academic Center and Student Services/Administration Building.
[3] At the same time, working with Arkansas State University (ASU), the Sugarloaf Heritage Council was established to remove graffiti, restore, enhance, and make additions to the existing trails.