Policy & Stimulus Newsย
Union Pushes for Enhanced Worker Protectionย
Theย International Union of Painters and Allied Tradesย is demanding that Congress act now to protect workers and their families by subsidizing health plans and providing stronger oversight of sanitation and safety protocols for ongoing construction sites. (Source:ย IUPAT)ย
GPEC Calling for Another $250B in Stimulusย
Theย Greater Phoenix Economic Council, along with other economic development advocacy organizations in Arizona, have called on the federal government to approve a second $250Bย stimulus immediately to give struggling businesses a lifeline.ย GPECย also is working to streamline resources to help businesses apply more quickly the next round.ย (Source:ย Phoenix Business Journal)ย
ADOT Issues COVID-19 Construction Site Guidelinesย
Theย Arizona Department of Transportationโsย Infrastructure Delivery and Operations Divisionย has published COVID-19-related health and safety guidelines for construction workers onย ADOTย sites. (Source:ย Arizona Chapter Associated General Contractors)ย
FAA Issues Drone Guidance for COVID-19 Responseย
On April 14th, theย Federal Aviation Administrationย announcedโฏthe enabling of drone use for COVID-19 response efforts within the confines of its existing regulations and emergency procedures. (Source:ย Snell & Wilmer)ย
Economic Newsย
Reopening Could Require 1,000s More Public Health Workersย ย
Before stay-at-home orders are lifted, the nationโs public health agencies want to be ready to douse any new sparks of coronavirus infection โ a task they say could require tens of thousands more investigators to call people who test positive, track down their contacts and get them into quarantine.ย (Source:ย Associated Press)ย
Taylor Morrison CEO Discusses Leadership During Pandemicย
Taylor Morrisonย chair and CEOย Sheryl Palmerย discusses her vision for leading โ and thriving โ during and after the pandemic crisis. (Source:ย Builder)ย
Yuma Area Leaders Discuss Reopeningย
Yuma Countyย leaders met on Friday, April 17th to discuss what the path to reopening the area economyย mightย look like. (Source:ย Yuma Sun)ย
Economists Ponder Definition, Timeframe for โBack to Normalโย
While restrictions on travel or going to restaurants, bars, gyms and other businesses eventually will lift,โฏeconomists wonder how quickly consumers will return after several weeks of being told that it’s unsafe to be in public places.ย They are tracking some unusual metrics to help them chart the course.ย (Source:ย AZCentral)ย
Crisis Preparations Cut Ariz. Hospital Revenuesย
Arizona hospitals are facing โdire financial consequencesโ and furloughing staff, as cutbacks meant to prepare forโฏCOVID-19โฏcases have instead cost them as much as $575Mย a month, about 30-40 percent of normal revenues statewide.ย The cancellation of elective procedures meant to free up beds for potential coronavirus patients, combined with aย drop inย ERย visits, has deprived hospitals of the โcash cowsโ they need to stay afloat in an industry that otherwise has margins of only 3-4 percent, advocates said.ย (Source:ย AZ Big Media)ย
Ariz. Ventilators, Beds Probably Adequate for COVID โSurgeโย
Arizona hospitals appear to have enough beds and ventilators to handle an anticipated surge in COVID-19 patients, new data and analysis shows.ย (Source:ย Arizona Daily Star)ย
PHX To Put CRE Returns into General Fundย ย
Phoenix Mayorย Kateย Gallegoย said the cityโฏwill put all returns it earns fromย itsย real estate transactions into theย general fund during the pandemic. That includes $6.8M of transactions thatโฏoriginally came from the fund and will now be used to offset a budget deficit.โฏ(Source:ย Bisnow)ย
How CRE May Change After Crisisย
The ongoing coronavirus pandemicโฏwill forceย commercial real estateย to make significant structural changesย to prepare for a new normal,ย McKinsey & Co. said in a report.ย (Source:ย Bisnow)ย
Resourcesย
Rose Law Group City Operations Updatesย
Rose Law Groupย hasย updated its chart of current statusesย for area municipalitiesโ operations, planning and development services and public meetings. (Source:ย Rose Law Group Reporter)ย
Another Look at Force Majeureย ย
Robert C. Batesย andย Anthonyย Eulanoย ofย Snell & Wilmerย have produced an overview article exploring theย abilityย of businessesย to excuse performance under their existing commercial leases and other contracts. (Source:ย Snell & Wilmer)ย
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