The town of Pea Ridge and the Pea Ridge Faculty District partnered on a $1.55 million real estate offer to obtain about 55 acres just east of the town restrictions in Benton County. The acquire cost equals $.65 for each square foot.
The assets is at the northeast corner of Arkansas Highway 72 and Guthrie Road. Carroll Electrical was the previous owner, and in advance of that, it was Happy Heart Acres, a neighborhood farmer.
Mayor Nathan See mentioned the deal had been in the performs for about a year. The land is for long term community growth. See reported 4 acres experienced been earmarked to establish a hearth station.
“We are beyond thrilled about this obtain for the potential of Pea Ridge,” he mentioned. “By doing the job together, we can increase methods and chances to benefit both of those our pupils and the group. Now that we have the land, we can have a strategy.”
In accordance to residence documents, the city paid out $1.13 million for close to 40 acres. The school district compensated $429,210 for about 15 acres. Each had been all-income transactions.
According to the U.S. Census Bureau, Pea Ridge had a populace estimate of 7,852 in July 2022. Which is up almost 64% from 2010.
The put up Pea Ridge Faculty District, metropolis companion in $1.55M land obtain appeared initial on Speak Enterprise & Politics.