Preliminary CIP Totals Show 6 Percent Increase
By Rebekah Morris for AZBEX The top 10 Capital Improvement Programs (CIP) in Arizona total $22.5B, a 6.01 percent year-over-year increase over last year’s tally. BEX evaluates the internal planning documents produced within more than 30 municipalities each year, identifying funding levels and future trends in public spending for infrastructure and public spaces. This is the fifth consecutive year of increased budget levels for capital […]
Phx Voters Support Light Rail, Defeat Prop. 105
Source: Valley Metro Voters in Phoenix defeated an initiative that would have ended all light rail construction, prohibited future rail investment and returned billions in federal dollars previously pledged to expand the regional transit system. Last night’s vote marks the fourth time since 2000 that Phoenix voters have publicly supported light rail through the election […]
Light Rail Anniversary Casts Light on Area Growth
By Roland Murphy for Arizona Builder’s Exchange Despite ongoing challenges and concerns in various parts of the Valley, the economic growth generated as a byproduct of the Light Rail’s introductions and various expansions have proven impossible to deny. Valley Metro last week released, “Building Communities and Enhancing Lives: A Quality of Life Report,” detailing the […]
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 […]
Approved CIPs Show Sustained Growth in Sector
By Rebekah Morris for Arizona Builder’s Exchange The final tally is coming in for this year’s budget season, namely, the Capital Improvement Plans for major municipalities. The next five years appear rosy for publicly funded infrastructure and public works projects, a boost of 7.28 percent in the five-year totals from last year. That is notable […]
Council Considers Tempe Crossroads
By Roland Murphy for Arizona Builder’s Exchange Tempe Crossroads, a new mixed-use development planned at the NWC of South Terrace Road and East Orange Street, is scheduled for final consideration by Tempe City Council on Thursday, Aug. 9. Plans call for two residential buildings – one at five stories and one at seven – consisting […]
Affordable & Luxury Meet at 17th & Camelback
By Roland Murphy for Arizona Builder’s Exchange An intersection that could once only be (charitably) described as, “Gritty,” is the latest planned development spot spurred on by light rail and associated urban renewal projects. United Capital Partners, LLC and VIVO Development Partners are proposing to create the C17 luxury multifamily project on the SWC of […]
Stanton Touts $200M Innovation Center
By Jesse A. Millard for AZ Big Media Phoenix Mayor Greg Stanton touted the most recent milestone reached on a $200M ASU-Mayo Health Solutions Innovation Center during his final State of the City Address Tuesday. The Phoenix City Council recently approved $9M to help pave the way for the ASU-Mayo facility that will house researchers […]
553KSF Distribution Center Planned
By Roland Murphy for Arizona Builder’s Exchange Another company is looking to capitalize on the logistical advantages the Loop 202 South Mountain Freeway will bring to the West Valley. Trammell Crow Company has submitted a rezoning request to the City of Phoenix for 37.8 acres on South 59th Avenue south of Lower Buckeye Road to […]
Senior Dev Planned Near Future Light Rail Line
By Roland Murphy for Arizona Builder’s Exchange Even though the South Central Light Rail Extension is still in the design phase and won’t be in operation until 2023, at least one developer is planning ahead and creating an 80-unit, three-story senior living complex that will lie directly between two planned stops along the route. In […]