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…..