Cavefish Conundrum Leaves Airport Project Unclear
Road To XNA At Mercy Of Cave Springs Environmental Impact Study
Posted: August 30, 2013 at 5 a.m.
A proposed access road from U.S. 412 to the Northwest Arkansas Regional Airport is still mired in U.S. Fish and Wildlife Service concerns about the Cave Springs recharge area, even though the preferred route is not within the boundaries of the area.
At A Glance
Firm Financial Footing
The airport board recently refinanced two series of revenue bonds, almost $34 million worth, and now has one, fixed-rate debt to deal with, saving interest and freeing money for more projects. The move is expected to save $797,000 a year in interest. The interest rate on the bonds is 4.24 percent. “It’s going to be a positive all the way around,” Van Laningham said. “We hit the window perfectly as far as the interest rate.”
Source: Staff Report
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