The FCRA is the economic development project in Fort Smith behind Chaffee Crossing, and it released its 2022 annual report. One measure in the report shows more than $4 million in real estate taxes have been generated by property sold last year.

A new report examines how the Fort Chaffee area has grown in the last 25 years. Michael Tilley, with our partner Talk Business & Politics, breaks it down for us.

2022 was a record-breaking year for the Fort Chaffee Redevelopment Authority, according to the organization’s annual report released Wednesday (Jan. 25). The report noted that 2022 property sales totaled $3.8 million, and returned 66 acres to taxable property.