Appraisal Report for ALP Relinquishment Areas 1 & 2

and 1991, albeit at lower levels than experienced prior to 1986. Since 1992 the
neighborhood, like the region, has enjoyed substantial growth.
The neighborhood of Subject is convenient for traffic coming from the south.
It had a 2013 traffic count of 25,000 on the south to 32,000 on the north. It has
experienced more rapid development than the other two commercial
neighborhoods because of its convenient location and because it is the only
neighborhood with room for expansion. Between 1990 and 1994, five new
buildings were built. Since 1995, the neighborhood has mushroomed with the
construction of numerous industrial and office buildings in Bodo Park as well as:
• Escalante Middle School
• the Trans-Lux Cinema near the Durango Mall
• New County Auto Dealership
• Texaco with car wash
• Medical office complex near Wal-Mart
• Quality Inn Motel
• the Walmart Superstore and strip retail center
• Home Depot
• Escalante Crossings residential development
• Discount Tire and Vectra Bank in the Walmart shopping center
• Three strip retail and office centers
• Homewood Suites by Hilton
• 80,000 square foot Mercury Village office
• A hotel is under construction on Comparable Sale 3
The construction of the Walmart Superstore in 1997 was the impetus for
major change in the southern part of this neighborhood. The Walmart store is a
major traffic draw and has drawn commercial development to surround it. A
signalized intersection was developed to provide access to Walmart, the
surrounding commercial development and Escalante Middle School to the west
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