IGNACIO: Ignacio is experiencing a period of economic growth unlike anything in recent memory. Revenue from local sales tax soared 26 percent from 1995 to 2005 and property tax revenue rose 26 percent as well. A variety of new businesses have opened their doors on Ignacio's main Goddard Avenue, and others are expanding. Several factors are contributing to the upturn.
First there was the natural gas boom. Gas well pads form a patchwork on the lands surrounding the town. Much of that land is owned by the Southern Ute Indian tribe. Thanks to high gas prices and wise investments, the tribe has seen its worth mushroom to about $4 billion. It is said the tribe controls the distribution of about 1 percent of the nation's natural gas supply. Much of the traffic generated by this production funnels through Ignacio. Many workers stop for lunch and take advantage of other services in the town.
Also boosting traffic is construction of the new Sky Ute Casino Resort just north of the town. The new resort, schedules for completion in December 2008, is expected to provide between 400 and 600 jobs.
Another draw was Ignacio Bike Week, which filled the void left by the storied Iron Horse Motorcycle Rally and brought about 20,000 people to town this last Labor Day weekend.
One thing Ignacio doesn't have is the sky-high prices for property that Durango has. We have numerous 35 acres parcels on the market beginning at $140,000. Try to find that in the Durango marketplace.
http://HomesInDurango.com
http://DurangoRealEstate.biz
No comments:
Post a Comment