Stanton Touts $200M Innovation Center

Credit: City of Phoenix

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 working on healthcare innovations.

“Up north, on the Arizona Biomedical Corridor, I couldn’t be more excited for the future,” Stanton said. “I spoke about the possibilities I saw in my first address as mayor. And today, the Phoenix-ASU-Mayo Clinic partnership is taking shape.”

Stanton also mentioned ASU’s latest partnership with Wexford Science and Technology, a real estate company that partners with public institutions to create mixed-use “Knowledge Communities.”

ASU and Wexford will expand the downtown Phoenix biomedical campus with a 200KSF building for students, faculty and researchers.

The facility will expand on seven acres of the northern portion of the biomedical campus. The facility will be seven stories.

Phoenix invested $30M to help create the four university facilities in the biomedical campus since 2012.

Stanton said that contribution helped the universities invest $500M into the area.

“The downtown biomedical campus — it’s hardly recognizable from where it started. In that 30 acres in the heart of our city, we’ve collaborated with all three Arizona public universities to push the boundaries of innovation in the life sciences,” Stanton said.

Stanton said that Phoenicians have “forever changed the course of our future for the better” by working to build an innovation and skills-based economy that provides more opportunity for everyone.

In his seventh State of the City address, Stanton focused solely on accomplishments that have been achieved with bipartisan support, comparing Phoenix’s record of getting things done to gridlock that has plagued other governments.

In addition to growth in exports and innovation, Stanton stressed the city’s public transit system is “one of the most significant boosts we’ve given our economy.” More than $10B in capital has been invested along the light rail line since it began operation. And since Prop. 104 passed, taxpayer dollars are at work, already improving 550 miles of city streets and increasing bus frequency to at least every half hour.

Stanton’s full speech is available here.

Read more at AZ Big Media.

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