Alice Walton and the Northwest Arkansas Regional Airport
Alice Walton, daughter of Wal-Mart founder, Sam Walton, is best known for her contributions to art in the Midwest. The Crystal Bridges Museum of American Art in Bentonville, Arkansas is probably known as one of her most grand initiatives. While the museum lives on and continues to grow, it can be easy to forget some of Alice’s more influential contributions in the Midwest. Despite the fact that she now lives in Texas, her work in Arkansas is unforgotten and still thriving.
According to Forbes’ latest tally, Alice Walton is the 16th richest person in the world with a net worth of $20.6 billion. Walton has used her wealth and influence by enriching Arkansas, not only with American art, but with the creation of the Northwest Arkansas Regional Airport at Highfill. The airport opened for business in 1998 with President Bill Clinton performing the dedicating honors.
Scott Van Laningham, the executive director and CEO of the Northwest Arkansas Regional Airport Authority, has described Walton’s role in the development of the airport as “critical”. She was the first chairman of the Northwest Arkansas Council. It was this particular group that went to cities and counties throughout Arkansas encouraging them to create an Airport Authority as a separate entity in charge of surveying and searching for a site where the airport could live.
In 1990, when the airport work began, Walton family members came together to raise money to start building the airport. Llama Co. of Fayetteville, an investment firm headed by Alice Walton, underwrote an almost $80 million bond to finance the airport’s construction. The bonds were sold prior to the airport even having a contract with an airline, a car rental company, or food vendors.
In 1999, Alice Walton was honored when the Airport Authority named the terminal building after her. In 2001, Walton was inducted into the Arkansas Aviation Hall of Fame.
