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    Home » Economic Development » Phoenix Expands Central Business District
    Economic Development

    Phoenix Expands Central Business District

    BEX StaffBy BEX StaffJuly 2, 2024No Comments1 Min Read
    Credit: City of Phoenix/Phoenix Business Journal
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    Phoenix City Council has approved an expansion of the city’s Central Business District in hopes of enhancing development south and east of the downtown area.

    The new boundaries reach generally from McDowell Road to Broadway Road and 23rd Avenue to 20th Street.

    The Central Business District was originally established in 1961 and expanded to include the Capitol Mall and span north to McDowell Road in 1987. The latest expansion will enable improvements and development in the area by facilitating incentive programs like property tax abatements under Government Property Lease Excise Tax agreements. (Source)

    CBD City of Phoenix development incentives economic development Government Property Lease Excise Tax GPLET Phoenix Central Business District Phoenix City Council
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