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Owners of Fayetteville's 112 Drive-In succeeded in getting 22 acres of the 36-acre property rezoned to mixed residential and commercial use, the Northwest Arkansas Democrat-Gazette reports.
Why it matters: Plans for the property include single-family homes, townhouses, retail/restaurant space and a theater with a beer garden.
Context: CL Partners, LLC of Rogers has lined up to buy the property. The company's manager is former photographer and filmmaker, Dave Anderson of Little Rock.
What they're saying: Anderson told us in April: "It is our plan and intention to build a truly special neighborhood entertainment destination for all to enjoy."
Flashback: According to Cinema Treasures, the drive-in first opened in 1980 and has a capacity of 420 cars.
Of note: Axios incorrectly reported the estimated market value of the property in April. That assessment was based on only one of six parcels owned by 112 Drive-in Inc.
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