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Community College Board Buys Railroad Land

Posted: January 25, 2014 at 5 a.m.

President Evelyn Jorgenson speaks during a meeting of the Northwest Arkansas Community College board of trustees in the Shewmaker Center for Global Business Development at NWACC's Bentonville campus on Friday January 24, 2014. The board voted to purchase a section of land with railroad tracks bisecting the NWACC campus from Arkansas & Missouri Railroad for $2.5 million.

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

Acres, Appraisals

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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