- Did You Know? Frequently Asked Questions
- Cost Considerations
- The Peoples' Plan
- Millage Comparison
- Economic Impact of a New FHS
- Cost Comparisons of NWA High Schools
- Facts About Sale of FHS to UA
- Why September 15?
- New FHS Synopsis
- In Their Own Words (Video)
- An Imagined Tour (Video)
- School Election Voting Sites
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Economic Impact of a New High School
Here are several factors to consider on the economic impact of a new high school in Fayetteville:
- Those relocating to NW Arkansas “shop” for schools. Our test scores are comparable with Bentonville, however our facilities are NOT. The Bentonville School District has grown by 54% in the last five years; Fayetteville School District has grown only 6%.New families with school-aged children are moving to Bentonville instead of Fayetteville.
- NW Arkansas is a region--you can live anywhere and enjoy the benefits of any and all within 25 miles.
- The new FHS project is a stimulus package for Fayetteville.
- School districts have a direct impact on the local economy by preserving and improving real estate values, attracting and retaining businesses, and providing an educated labor force.
- Springdale market values in the HarBer zone have declined less than 1%, whereas east Springdale (SHS zone) values have declined by over 13%.
- Fayetteville is competing for rooftops to drive economic development, retail, and sales tax revenue. Rooftops = Retail = Sales Tax.
- Companies and businesses choose areas with strong school districts to satisfy employees and provide a strong future workforce.
- Why build now? Construction costs have dipped for the first time in a decade, making it an ideal time to build.Also, stimulus credits are available in 2009-2010 and not available after that.
- Our sister cities have addressed their high school issues: Bentonville in 2003, Springdale in 2005, and Rogers in 2008.
- The bonds used to finance the new FHS will "sunset" in 30 years. If Stimulus credits are received, that could reduce the sunset date by 5-7 years.
- The district millage rate has been reduced by more than 2 mills over the last four years. If that trend continues and additional growth in the tax base develops, the 4.9 mills could be rolled back within ten years.