Booming Northwest
Yesterday, a baseball stadium for Springdale. Today, a privately financed sports and entertainment arena seating 9,000 for Bentonville. Yes, we said privately financed. The facility, to be built near the regional airport,k does anticipate some public subsidiy. It would apply for sales tax rebates made available to convention facilities around the state. Sure, they want to sell booze. To do that in Benton County will require a private club permit. This about investors:
Talley said investors don't want to be identified. Some of the investors are involved with a software company, a cab company based in Los Angeles and people involved in real estate and hotels, he said. A news release about the arena identifies investors as a "consortium of local and regional investors."







Comments
That is great for Bentonville. They had the vision to build an airport there, design it for easy growth and now the payoff- they have attracted this!
What a concept- building towards a future
Posted by: moose | May 20, 2006 09:18 AM
Though I expect it to be voted down next Tuesday in Fort Smith, these mega sports complexes are money making bad mamajammers.
They cash in on this new phenomenon of junior sports, non-school athletics, league sports, kids sports, (it appears the generic name for it hasn't been established yet) where families travel from one tournament to another all year long spending major big bucks to see that little Tray and Buffy get to be a sport star. I know several people whose whole lives, all their time and most of their paycheck and savings revolve around these tournaments.
I don't understand it, but I sure understand the money that goes into hotels, motels, restaurants and bars whenever one of these revolving tournaments comes to town. The investors in this Bentonville sports arena are betting on one of the few sure things around.
But like gambling casinos, I don't know what will happen when every town has a mega sports complex. We'll have to cross that bridge when we come to it.
Posted by: Deathbyinches | May 20, 2006 12:42 PM
DBI, looks like even the local rag may have softened on the ballot issues. If Tray and Buffy's mother and father find a few minutes in those jammed Daytimers maybe River City will get a money making bad mamajammer.
Lawd knows we could use the revenue and the development.
VOTE!
Posted by: Roycroft Vellum | May 20, 2006 01:56 PM
These investors are all good Republicans and that's why all this works and why NW ark has left central Arkansas at the gate. NW Ark would like to be their own state so as not to subsidise the rest of it with Arkansas' ridiculous high taxes ....
Posted by: Anonymous | May 20, 2006 02:38 PM
Being from another state and residing in NWA - anon - you you need to get out more. What high taxes? The real estate tax rates here are so low, we joke about them over drinks. The corporate taxes, yet another joke - most states haven't seen these rates in decades.
The sales tax, sure it's high - ya know why? Because the corporations and real estate taxes, usage taxes, special interest tax give-a-ways are living the life of Riley in Arkansas. I'm happy to pay 9.5% sales tax, when every other tax or surcharge is so, so much less than what I'm used too.
Posted by: Anonymous | May 20, 2006 03:26 PM
What is this revolution among the Anon borg collective? I've read a couple of them today that made sense? Is there nothing sacred?
Posted by: MRH | May 20, 2006 03:51 PM
What is this revolution among the Anon borg collective? I've read a couple of them today that made sense. Is there nothing sacred?
Posted by: MRH | May 20, 2006 03:52 PM
"I don't know what will happen when every town has a mega sports complex."
Same thing that happened to the Pine Bluff Convention Center. It was going to be a major money maker and put PB on the map. But newer facilities soon opened elsewhere and siphoned off events and money. The city continued to keep it afloat -- good money after bad, as the cliche goes. Then state funding ran out not too long before the roof developed major leaks. The center cast about for funding for repairs while employees scuttled everywhere with mops, buckets and wet floor signs during the few relatively low budget local events -- read: no new money coming into town -- held there.
White elephants do not make pretty pictures and they are
expensive to maintain.
Posted by: Doigotta | May 20, 2006 10:28 PM
DBI
It is called travel ball.
Simple, descriptive and effective.
Travel ball is pure money for the towns that have the facilities.
Posted by: Anonymous | May 21, 2006 01:08 AM
Doigotta, the PB convention center may have failed because no conventioneers wanted to come to Pine Bluff. No insult intended, but the local amenities outside the convention are what any given center has to sell.
Posted by: mag | May 21, 2006 01:46 AM
No insult taken, Mag. That was certainly a large part of it, something the local power brokers simply couldn't see. There were a few good show offerings 30 years ago but the CC simply couldn't compete with locales with more amenities. Same situation with a certain local golf course that was going to be the premiere place to play.
Obviously NW Arkansas is growing. Nevertheless, seeking public subsidies for these new facilities is a given and I doubt that any could stand alone.
We shall see what the future holds for them -- and how deeply into the taxpayers pockets they must dig.
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www.ashlynnsprings.com
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