Peoria Eyes Significant Transportation Funding Source
By Philip Haldiman for Independent Newsmedia A significant funding source that has generated about $4.3B in tax revenues since 2006 for transportation in Peoria and throughout Maricopa County expires in 2025, so city officials are planning to ensure they get a piece of the pie if funding is renewed. Proposition 400, approved by 58 percent of Maricopa County voters […]
ADOT Wants to Move on Broadband Initiative
By Shaq Davis for Arizona Daily Star The Arizona Department of Transportation is in the early process of exploring partnerships that would lead to broadband conduit being installed along three interstate routes. The department is following an initiative from Gov. Doug Ducey who announced in January that $50M in funding would help achieve 500 miles of broadband lines and fiber optic […]
Feds OK 2 Dam Permits, Developer Eyes a Third
By Scott Buffon for Arizona Daily Sun A federal agency has approved two permits for a hydroelectric dam developer to study the Little Colorado River located on Navajo Nation for their applications to build up to four dams. However, in early March the same developer, Pumped Hydro Storage, submitted a third groundwater dam application in Big Canyon, which is a dry canyon […]
Tempe Planning $349M in Bond Requests
By Paulina Pineda for The Arizona Republic Tempe likely will ask voters to approve a $349M bond issue to pay for dozens of capital projects in the next five years, ranging from road improvements to park upgrades. The city weighed asking voters for about half the proposed bond amount — $174M— to help pay for projects planned in […]
11-mile I-10 & Broadway Project Advances
Source: Arizona Department of Transportation The Arizona Department of Transportation has been granted environmental approval to continue moving forward with plans to improve an 11-mile section of Interstate 10 that includes the Broadway Curve. ADOT issued a Finding of No Significant Impact after completing a Final Environmental Assessment for the I-10 Broadway Curve project in compliance with the National Environmental Policy Act. […]
Pandemic Complicates Scottsdale Bond Picture
By Wayne Schutsky for Scottsdale Progress As Scottsdale city leaders grapple with the financial implications of the coronavirus crisis, they also are weighing whether or not to delay infrastructure projects connected to the $319M bond approved by voters last November. The city has already approved some smaller bond projects — including some needed fire department expenditures — but was planning to spend the bulk of bond […]
Infrastructure Spending Drives Strong Q4
Source: Marcum LLP The Marcum Commercial Construction Index for the fourth quarter of 2019 reports healthy levels of construction spending, in large part due to the ongoing strength in infrastructure-related categories. Nonresidential construction spending stood at an annualized rate of $779.6B in December 2019, down 1.2 percent from the previous month but up 4.4 percent year-over-year. The […]
Where to Put 1 Million New Residents?
By Catherine Reagor for The Arizona Republic Metro Phoenix is expected to grow by 1 million people during the next decade. That will be like adding a city the size of San Jose, CA or Austin, TX, to the Valley. The billion-dollar question is where all those new residents will live. Most of the available […]
Gov. Doug Ducey Unveils $12.3B State Spending Plan
By Maria Polletta, Andrew Oxford, Lily Altavena and Rachel Leingang for The Arizona Republic Buoyed by even healthier than expected state revenue projections, Arizona Gov. Doug Ducey unveiled a $12.3B spending plan for the next fiscal year that places two of his longtime priorities — public safety and education — front and center. The plan boosts spending by more than $600M above […]
Phx Transportation 2050 Report Shows Ongoing Progress
By Roland Murphy for Arizona Builder’s Exchange Last week the City of Phoenix released its second “Transportation 2050 Progress Report,” covering July 1, 2017-June 30, 2018. “The voter-approved T2050 plan continues to improve transportation in Phoenix through a continually improving transit system and new paving projects on our city’s busiest arterial streets,” said Mayor Thelda […]