What's Hot

    160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

    August 29, 2025

    Amkor Shifts Factory Site to Peoria Innovation Core

    August 29, 2025

    Vestar Planning Major New Mixed-Use at Legacy Park

    August 29, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [August 29, 2025] - 160-Unit Multifamily Planned at 13th St. & Madison in Phoenix
    • [August 29, 2025] - Amkor Shifts Factory Site to Peoria Innovation Core
    • [August 29, 2025] - Vestar Planning Major New Mixed-Use at Legacy Park
    • [August 29, 2025] - Buckeye City Council Discusses Annexing Land for Community Master Plan
    • [August 29, 2025] - Arizona Projects 08-29-25
    • [August 26, 2025] - Plan Revisions in Marana Would Yield New Commercial and Residential Developments
    • [August 26, 2025] - Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix
    • [August 26, 2025] - Round 3 of BuildItAZ Grants Announced
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

      August 29, 2025

      Amkor Shifts Factory Site to Peoria Innovation Core

      August 29, 2025

      Vestar Planning Major New Mixed-Use at Legacy Park

      August 29, 2025

      Plan Revisions in Marana Would Yield New Commercial and Residential Developments

      August 26, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Commercial Real Estate 08-12-25

      August 12, 2025

      Commercial Real Estate 08-05-25

      August 5, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Industry Professionals 08-12-25

      August 12, 2025

      Industry Professionals 08-05-25

      August 5, 2025

      Arizona Projects 08-29-25

      August 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Arizona Projects 08-08-25

      August 8, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Ariz. Supreme Court Upholds Citizens’ Right to Halt Local Projects

      August 8, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Multifamily Developer Confidence Up in Q2

      August 12, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

      August 29, 2025

      Amkor Shifts Factory Site to Peoria Innovation Core

      August 29, 2025

      Vestar Planning Major New Mixed-Use at Legacy Park

      August 29, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Planning & Development » City Will Spend $522M Preparing Peoria Innovation
    Planning & Development

    City Will Spend $522M Preparing Peoria Innovation

    BEX StaffBy BEX StaffMay 14, 2025No Comments2 Mins Read
    Credit: City of Peoria/Independent Newsmedia
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The City of Peoria is planning $522M over the next 10 years to support the future 6,700-acre Peoria Innovation Core.

    The City entered into an agreement with the Arizona State Land Department that lets it lead planning for the site, which largely centers in an area along Loop 303 between State Route 74 and Lake Pleasant Parkway. Peoria will make an initial investment of $140M for public roads and utility infrastructure to spur development of the intended economic development and business core targeted at attracting advanced industries.

    Projects planned for PIC in Fiscal Year 2026 total more than $116M and include construction costs, studies and consulting costs.

    Land in the site will be acquired by prospective developers through ASLD auctions. In exchange for making the land “shovel ready,” Peoria will be reimbursed for its costs. The City will carry the costs until then.

    This year’s Capital Improvement Plan includes a new category created specifically for PIC. Roughly 20 projects are planned over the course of the next 10 years, including six in FY 2026.  These include $27M for road improvements to Ashler Hills Drive from Lake Pleasant Parkway to 96th Avenue, including design, land acquisition and construction.

    Peoria has already approved some of the funding sources needed for projects in PIC, and officials acknowledge recouping all the expenditures will require several years. Improvements are expected in phases, with reimbursements from earlier phases going to offset the costs of later projects. (Source)

    Arizona State Land Department Ashler Hills Drive from Lake Pleasant Parkway to 96th Avenue ASLD Capital Improvement Plan CIP City of Peoria highways/roads & streets master plan Peoria Innovation Core PIC Public Utilities wastewater Water
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

    August 29, 2025

    Amkor Shifts Factory Site to Peoria Innovation Core

    August 29, 2025

    Vestar Planning Major New Mixed-Use at Legacy Park

    August 29, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

    August 29, 2025

    Amkor Shifts Factory Site to Peoria Innovation Core

    August 29, 2025

    Vestar Planning Major New Mixed-Use at Legacy Park

    August 29, 2025

    Buckeye City Council Discusses Annexing Land for Community Master Plan

    August 29, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

    August 29, 20250

    By Roland Murphy for AZBEX Lafferty Development is requesting a rezoning for 1.16 gross acres…

    Amkor Shifts Factory Site to Peoria Innovation Core

    August 29, 2025

    Vestar Planning Major New Mixed-Use at Legacy Park

    August 29, 2025

    Buckeye City Council Discusses Annexing Land for Community Master Plan

    August 29, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

    August 29, 2025

    Amkor Shifts Factory Site to Peoria Innovation Core

    August 29, 2025

    Vestar Planning Major New Mixed-Use at Legacy Park

    August 29, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.