Saturday, April 11, 2009

Road Widening Should Be Good for Development in Northwest Arkansas

Residents of Northwest Arkansas are well aware of the inconveniences that come from traffic in Bentonville….

Currently, the city is working on the widening of Highways 102 and 72 in Bentonville. The project is due for completion by the summer of 2011. The widening for the 102 project will stretch from South Walton Boulevard to Greenhouse Road and will be expanded from two to five lanes. The project has a price tag of $9.3 million, and is intended to ease congestion for commuters to Wal-Mart headquarters and supplier offices. The 2.3 mile stretch of road is currently on target and the drainage work should be completed before the winter months.

In addition, the widening to five lanes of Arkansas Hwy 72 (Central Ave) from NE J Street to US Hwy 71 – should also be completed within the next five months. The 72 project will cost $6.5 million, and will also have a consistent lighting theme throughout downtown Bentonville.
Paving should begin this summer on both projects.

These projects are significant to the future growth of Northwest Arkansas. In many cases, there has been growth and development beyond the capacity of the area’s infrastructure. Looking to capitalize on the growth in NWA? Visit Northwestarkansasland.net for real estate and land for sale near Bentonville and the Northwest Arkansas Regional Airport (XNA)!

Tuesday, April 7, 2009

Northwest Arkansas Green Expo to Highlight Area Development

Much has been made lately about “green” practices. From Wal-Mart to the White House, sustainability has become a trend, a priority, and a reality, as tens of millions of dollars are being invested to make our country more earth-friendly.

It has been suggested that Northwest Arkansas could very well be the “Green Valley” in the midst of this movement. Area businesses and development groups are beginning to capitalize on this concept. The Bentonville-Bella Vista Chamber of Commerce will host the first Northwest Arkansas Green Expo on May 8-9, 2009.

The Green Expo, a free event that will be open to the general public, will showcase companies, concepts, and networking opportunities. The event will be held at the Benton County Fairgrounds at 7640 SW Regional Airport Blvd., at Hwy 12 and Barron Rd. in Bentonville.

The event will feature speakers from sustainability companies and environmental leadership executives with green seminars and workshops, as well as an outdoor food pavilion.

Visit our official website at: www.nwagreenexpo.com

Interested in land investment in Northwest Arkansas? Visit NorthwestArkansasLand.net to see our land parcels and real estate for sale in Northwest Arkansas. We have properties near Benton County Fairgrounds and the Northwest Arkansas Regional Airport (XNA)! Click here for more information.

Monday, April 6, 2009

Benton County Among Fastest Growing Areas in Nation...

According to the U.S. Census Bureau, Benton County is still among the fastest growing areas in the nation…..

As of July 1, 2008, Benton County is the 58th fastest growing county in the country over the past eight years since the 2000 Census, growing 36.8%. Additionally, the Bentonville School District has grown more than 80% since 2000. Washington County, as well as the Fayetteville-Springdale-Rogers Metro area has followed the same pattern of growth.

NW Arkansas growth has slowed slightly in the past three years, but still maintains a “healthy growth rate” of over 3%. The increases can be attributed to the growth of the business community, including Wal-Mart, Tyson Foods, and J.B. Hunt and the companies that support the major industries. Growth estimates are based on birth, death, tax, military and Medicare records.

The area’s growth affects schools, city infrastructure and emergency services, however it also means a higher tax base to pay for needs. Currently, the area is looking to work on roadways to fight congestion that has occurred as a result of the development in the area. Hospitals are also being relocated and expanded to accommodate growth. There will be another Census in 2010…….

Looking for land or real estate in Northwest Arkansas? Visit NorthwestArkansasLand.net to see properties for sale in Northwest Arkansas! We have properties and land parcels near the Northwest Arkansas Regional Airport (XNA) and Wal-Mart headquarters. Click here for more information.

Friday, April 3, 2009

Allegaint Air to Bring Growth to Northwest Arkansas?

According to The Morning News, Allegiant Air, the new discount air carrier at Northwest Arkansas Regional Airport, has announced that it has seen passenger increases for March….

This is good for the development of XNA and Northwest Arkansas in general.

The discount airline will be flying their MD-80 series jets to and from Los Angeles (LAX) beginning May 22nd and to and from Las Vegas (LAS) beginning June 4th , with fares as low as $79.

Allegiant Air, a Las Vegas-based company, reported an 18.5% increase for the year, and an increase of 12.1% for the quarter year-to-date. Allegiant is known to fly to ‘cities in the sun’, including Orlando, Tampa, St. Petersburg, Ft Lauderdale, Phoenix, and Mesa, AZ.

An analyst claimed that Allegiant Travel is “uniquely positioned to take advantage of and benefit in this environment”, referring to the current economic climate. The airline considers smaller cities that are leisure destinations its core market niche.

Shares of Allegiant Travel Co., the parent company of Allegiant Air, have traded from $15.89 to $49.06 in the past 52 weeks. Click here to read the entire article…..

The expected success of the airline at XNA will be good for Northwest Arkansas real estate and development around the airport. Click here to see properties and land for sale near XNA.

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.