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 […]
Preparing for Eventual Construction Downturn
By Rebekah Morris for AZBEX Business as usual will not last long. As Arizona construction projects continue for the most part, a near total economic shutdown is happening all around us. The abrupt economic shock is resulting in dramatic increases in unemployment and simultaneous record-setting federal government stimulus spending. At some point, economic contraction translates into less demand for construction. […]
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 […]