Glendale project tol bring in $2.6 billion a year , 23,000 jobs ~ Arizona Egg

Tuesday, December 11, 2007

Glendale project tol bring in $2.6 billion a year , 23,000 jobs

The Bidwell family is planning to build a business park just south of the University of Phoenix azcentral reports. Early estimates are guessing that this can help create an additional 23, 000 jobs both directly and indirectly and help generate an estimated 2.6 billion dollars in extra revenue. The project is being called cbd101 (and will be both a residential, office, and retail district located along Loop 101 along Bethany Home in Glendale. For the city itself these plans can bring an estimated $16.8 million in sales tax revenue, with an additional $10.1 million each year after completion.

This will be great for all of us living in the far West Valley who have to commute hours each day to get to work. Currently Glendale ranks very lowly for office jobs to population ratio and this should help to turn that around and also cut down the commuting time for many workers.

No comments: