Tuesday, March 24, 2009

NW Arkansas Growth to Include Las Vegas in XNA Plans...

XNA, in addition to replacing the flight to Los Angeles, is now adding Las Vegas to the flight roster…..

The Morning News reported that Allegiant Air, the new discount carrier at Northwest Arkansas Regional Airport, will begin flights between XNA and LAS on June 4th.

The nonstop flights to the desert will be offered at introductory fares as low as $79 each way. After the introductory special, flights will start at $99 each way. The schedule for the flights from Northwest Arkansas will leave XNA on Thursdays at 8:45 pm, and arrive in Las Vegas at 9:50 pm. The flights will return on Sunday, leaving LAS at 3:15 pm and arriving at XNA at 8:05 pm. The airline also plans to “offer round-trip 4-day vacation packages with accommodations at the Stratosphere Resort Hotel as low as $214”.

Allegiant Air began flights at XNA just 2 weeks ago, on March 12th. The airport is “thrilled the airline has decided to expand their service so quickly”. The XNA-LAX flights will begin on May 22nd.

This is another factor that should be good for area growth in Northwest Arkansas……Looking for land in Arkansas or near XNA Airport? We have hundreds of parcels of property for sale in Arkansas, many near Wal-Mart Headquarters, XNA Airport and Crystal Bridges Museum of American Art! Visit NorthwestArkansasLand.net to see all of our parcels of land for sale…..

Monday, March 23, 2009

Land in Northwest Arkansas - New Green Valley?

Earlier this month, there was a forum at the Arkansas World Trade Center in Rogers. The group gathered was a commentary for the positive growth, job creation and economic prosperity for the past several years and where it will lead.

Wal-Mart, over 1300 suppliers, Tyson’s, JB Hunt, XNA Airport, new shopping centers, the Crystal Bridges Museum of American Art, and Arvest ballpark, and the University of Arkansas are just some of the region’s highlights.

Kathy Deck, an economist at the Sam M. Walton College of Business posed the question “What’s going to fuel the next boom?”, as she cited that the area has gone through three waves of changes thus far. The first wave was associated with the growth of the large companies – Wal-Mart, Tyson’s and JB Hunt. The second wave was supply chains for the first wave companies. The third wave was composed of companies providing amenities to the first two waves

Currently, there is pressure to make NWA a “green valley” where sustainability research is a point of action, noting that it has already started to come together
much like in Sweden, the worldwide leader in economic development. In fact, there is now an Applied Sustainability Center at the University of Arkansas’ Fayetteville campus that was funded from a $1.5 million grant from Wal-Mart. Many have made comparisons between with Silicon Valley in the 1960s, as Swedish companies like StoraEnso and INEOS Bio have construced facilities in Fayetteville.

Interested in investing in the Green Valley? Visit NorthwestArkansasLand.net for information about our land development deals near XNA Airport and Wal-Mart headquarters….

Thursday, March 19, 2009

XNA Airport Approved for Growth in Northwest Arkansas

The Morning News announced yesterday that XNA, Northwest Arkansas Regional Airport, has been awarded $7.8 million toward a new taxiway at the airport. The money received is part of the federal stimulus money, The American Recovery and Reinvestment Act of 2009.

The new taxiway is being built to runway standards and will eventually be used as an alternate runway, allowing significant growth at the airport location. The existing runway was built in 1998. In order to make repairs, it would have required shutting down the entire airport.

The award was announced by Senator Mark Pryor and Senator Blanche Lincoln. Kelly Johnson, the airport director, stated “It’s a nice surprise…We didn’t think we were going to get any stimulus money…this really moves the project forward”.

The new money follows a $10 million grant awarded in February by the FAA that will pay for “earthwork and the first phase of paving”. The total bill on the new taxiway project is estimated at $45 million. Over $23 million of the total amount has already been approved. The new taxiway, which will include an 8,800 foot taxiway, lighting and navigational equipment, should start by the end of March and is projected to take 9 months. The total project will take 3-4 years for completion.

Looking for property near the XNA expansion in Northwest Arkansas? Visit NorthwestArkansasLand.net to see the many different parcels for sale by Highland Properties, LLC. We have property close to the Wal-Mart headquarters, XNA Airport and newly planned highways. Click here for more information.

Tuesday, March 17, 2009

Crystal Bridges Museum to Expand-Add Additional Land in Arkansas for Bike Trail

Much attention is being paid to the progress of the Crystal Bridges Museum of American Art, although no one, to date, has been able to view the museum, even as construction has persisted.

The Crystal Bridges Museum is to be a world-class institution that is
self-described as “providing different entries to art”. The museum will feature sculpture installations under open skies and trails in a wooded background.

Also announced, the Museum will open a bike trail that will give observers a “first opportunity to explore the grounds” and is slated for a May opening. The trail has been designed by the Bentonville-Bella Vista Trailblazers and will traverse a ¼ mile that will stretch from Tiger Boulevard to Compton Gardens. The bike trails will be tied to the existing trail system in the city of Bentonville trails and will add entry points to the museum via downtown.

There is also an observation area that will allow viewing of the Crystal Bridges campus and a parking deck that is being planned underground.

Visit NorthwestArkansasLand.net to see properties and land for sale near Wal-Mart headquarters, XNA Northwest Arkansas Regional Airport and the Crystal Bridges Museum of American Art. Contact us at Highland Properties to buy investment properties in XNA!

Monday, March 16, 2009

Crystal Bridges to Eventually Bring Metro Growth to NWA

According to the Arkansas Democrat-Gazette, there still is not an “end date” for the conclusion of construction on The Crystal Bridges Museum of American Art in Bentonville.

Bob Workman, the executive director of the Museum, spoke last Thursday at the Bentonville Public Library in a panel about the architecture and construction of the museum. The conference was held as a result of consistent inquiries by both local and national media that are trying to determine when the Museum will be completed. There is no firm answer to date. The Museum is located on a 100-acre plot that is tree-lined and landscaped. Workman has described the process as “Design. Refine. Design. Refine”.

The Crystal Bridges Museum of American Art is slated to be a “world-class art museum in the woods”, unlike many of the nation’s famed museums in that it is located quite remotely from a major metropolitan area. However, Workman claims, “having the best engineering minds has been an extremely important part of this”.

Both Ms. Walton and Workman participated in the selection of architect Moshe Sofdie to complete the museum. Sofdie, a famous North American architect, was selected because “It was very clear to us; Sofdie had this ability to tie a building into its setting, which is a major emphasis of this museum….(he) has a way of infusing light into the gallery experience”, according to Workman.

The museum is to be inspired by a variety of famous buildings and museums. There are parts modeled after the Buffalo Bill Museum in Cody, WY, the Nasher Sculpture Center in Dallas, TX, the Minneapolis Institute of Arts, the Salt Lake City Public Library, the National Gallery in Canada, and most importantly, Exploration Place. Exploration Place is the children’s museum in Wichita, KS that was also designed by Sofdie.

Interested in land in Northwest Arkansas?? Now is the best time to invest in this growing area! Visit our site at NorthwestArkansasLand.net to see the parcels of land we have located near XNA Northwest Arkansas Regional Airport and Wal-Mart corporate headquarters. Click here to contact us today.

Thursday, March 12, 2009

XNA Airport Growth Continues - New Discount Carrier

XNA Airport announced this morning that it has completed a deal with Allegiant Air that makes the airline the first discount carrier to the area.

Northwest Arkansas Regional Airport has been looking for a discount carrier for the airport for some time. Allegiant Airlines is a subsidiary of Allegiant Travel Co., a Las Vegas-based corporation. The airline promotes itself as the “Official Airline for Sunshine”, with flights to Las Vegas, Los Angeles, Phoenix, Ft Lauderdale, Orlando, and Tampa. The company also has plans to set up a Los Angeles base by May 1st.

Allegiant will offer flights from XNA to LAX twice a week beginning May 22nd. The airline will offer an introductory special of $99 each way that will eventually increase to $119 each way. Allegiant will also fill the void left by American Airlines. Beginning April 7th, the airport will lose a daily flight from LAX, currently served by American.

Allegiant Air is one of the few airlines that has increased in number of passengers. XNA is measuring its passenger statistics carefully. The airport has stopped flights to Raleigh-Durham, Washington D.C., Miami and Salt Lake City due to empty flights, but has increased the frequency of other flights. New passenger statistics will be announced by XNA next week……

Northwest Arkansas continues to grow, particularly in the area of the Northwest Arkansas Regional Airport. Visit NorthwestArkansasLand.net to see properties for sale near Wal-Mart headquarters and the XNA Airport!

Monday, March 9, 2009

Northwest Arkansas Growth Decisions to be Made Tomorrow...

The city of Bentonville is making a variety of changes that will provide for growth in the Northwest Arkansas area. As the area continues to prepare for the opening of the Crystal Bridges Museum of American Art and Northwest Arkansas Regional Airport expansions, the City Council will be deciding on a variety of growth details tomorrow. Among the decisions to be made:

* Widening of Highway 72 from Interstate 540 to the downtown Bentonville Square
* Design, bid and construction administration agreements
* Improvements to Highway 12 from Highway 71B to Shell Road
* Property line adjustment at the Wal-Mart Home Office to create additional parking spaces
* an ordinance amending the staff time required for review of planning applications
* an ordinance amending the Northwest Arkansas Regional Airport Overlay District

We will be paying attention to the decisions made tomorrow night…..Interested in land in Northwest Arkansas? Contact us and view our properties for sale at www.northwestarkansasland.net. We have a variety of parcels for sale, including land near Hwy 12 and XNA Airport!

Sunday, March 8, 2009

Land Purchased for Development of Northwest Arkansas Highway

It was announced this week by multiple news sources that Missouri has purchased necessary land to complete the new Bella Vista Bypass deal.

The Missouri Department of Transportation, based in Springfield, MO, has purchased 250 acres of land for the project. There are 30 parcels that will directly affect rights of way for the Bella Vista bypass project.

The Arkansas portion of the new roadway is estimated to cost around $225 million, and Missouri’s portion of the bypass will be $70 to $80 million. The highway project will be an extension of Interstate 540, extending the route to outside of Bella Vista where current congestion has made travel incredibly congested. In addition, the project will also build a portion of the Interstate 49 project that will extend western Arkansas north to Kansas City, MO and south to Shreveport, LA.

In order to subsidize the costs of the highway extension, the Northwest Arkansas Regional Mobile Authority voted unanimously to make the Bella Vista bypass a toll road. The amount to be paid for the necessary Missouri land has not yet been disclosed. It will be revealed after all real estate transactions are completed.

The Arkansas Highway Commission will meet at the state’s Highway and Transportation Department headquarters in Little Rock on March 13th at 10am.
New Highway Commissioner, Dick Trammel of Rogers, has encouraged Arkansas to move quickly because the state of Missouri has held up their portion of the deal, even in a time where other projects may have taken precedence……

Northwest Arkansas land is still delivering returns, despite the volatile real estate market nationwide. Interested in land near Bella Vista or XNA Airport? Contact Highland Properties at NorthwestArkansasLand.net to see available land for sale…..

Tuesday, March 3, 2009

Property Assessment Taxes to Be Lowered on Northwest Arkansas Properties

It was announced this morning that Benton County Judge Dave Bisbee called a special session for members of the Equalization Board on Monday. According to the Daily Record, Bisbee is quoted as saying, “I was out on the campaign trail at the same time as Mr. Moutray (county property assessor) this summer, and to say that it got a little ugly from time to time about property taxes would be an understatement”.

Property assessments were mailed out on July 1, 2008 and owners were displeased when they found that their property had increased in value, amid a housing crisis and economic recession. Per Arkansas state law, assessments are made on a three-year reappraisal cycle. This year’s assessment is following good sales years, not the sales data of a down market year like 2008.

Moutray and Bisbee are asking the Equalization Board to reassess, or perform a devaluation, of residential properties to reflect 2008 home sales. The move was recommended by an University of Arkansas economist and Bisbee met with Area school officials and mayors as well as the Arkansas’ Assessment Coordination Department. All groups are all in agreement that lowering the values must be done. Bisbee claimed, “We owe the taxpayers of Benton County to do this because we know that the market has declined”. The move will affect 85,000 land parcels in Benton County. All devalued property will be residential, commercial property will not be considered.

The following decreases are to take place:
  • Northeast Benton County - 6% decrease (including Gateway, Garfield, Pea Ridge and Avoca)
  • Northwest Benton County – 3% decrease (including Sulphur Springs, Gravette, and Decatur)
  • Southwest Benton County – 2% decrease (including Siloam Springs, Gentry, Springtown, Highfill)
  • Southeast Benton County – 4% decrease (including Cave Springs, Lowell, Bethel Heights, Springdale, Elm Springs)
  • West-central Benton County – 4.5% decrease (Bentonville and Centerton)
  • East-central Benton County – 5% decrease (Rogers and Little Flock)
  • North-central Benton County – 3% decrease (Bella Vista)
  • Beaver Lake – 2% decrease

Changes will be mailed out starting July 1st.

Interested in land in Arkansas? Visit NorthwestArkansasLand.net to see agricultural and mixed-use properties for sale in Arkansas. We have properties for sale near XNA Airport!!!