In the wake of the economic downturn, new highways will be positive for growth and jobs in Northwest Arkansas. The newest highway being considered, is a possible toll road connecting Springdale to Bella Vista.
The proposed new highway would re-route traffic from U.S. 412. Currently, 35,000 vehicles a day use the road, which currently has 20 stoplights between Tontitown and Sonora. The road would be only the second toll road in Arkansas
The total cost is projected at $540 million. Mike Malone, executive director of the Northwest Arkansas Council stated “Nobody loves tolls, but I think we’re worse off not having the road…Just thinking through how you’re going to get $500 million, it’s going to be multiple sources, including tolls…It’s probably going to be part of how we get that project done.”
The Northwest Arkansas Regional Mobile Authority is considering payment options for the project. Arkansas is expected to receive over $350 million for highway construction and over $28 million for mass transit through the American Recovery and Reinvestment Act. How the money will be divided is yet to be determined.
Dick Trammel, the new Northwest Arkansas highway commissioner, has stated that he will make decisions after his first meeting February 25th in Little Rock.
Visit NorthwestArkansasLand.net to view properties for sale near XNA – Northwest Arkansas Regional Airport – and the newly developed Bentonville Industrial Park. Click here to view properties and land for sale in Northwest Arkansas.
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