Community College Board Buys Railroad Land
Posted: January 25, 2014 at 5 a.m.
NorthWest Arkansas Community College will buy and remove a section of rail running through campus after the board agreed to a $2.5 million deal Friday.
At A Glance
Reed & Associates of Fayetteville appraised the portion of railroad land to be purchased by NorthWest Arkansas Community College at $2.1 million. The purchase price was $2.5 million. The college will own 138.57 acres when the railroad purchase becomes official. That will bring the average cost per acre the college has paid for its land to $32,013, though the average appraised value per acre is $91,500.
Source: NorthWest Arkansas Community College
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