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Phoenix Pushes $3.8-Bil Mix of Capital Improvement Projects

PHOENIX-It's history repeating itself, says a Kitchell executive. When times get tough, Phoenix likes to put public projects on the drawing board that cushion a soft construction market. More than $3.8 billion in projects will deliver in the next five years.

By D.J. Burrough | Updated on August 22, 2001

PHOENIX-At a time when office and industrial development project are flagging, a number of public projects are poised to carry the construction industry through to better days, including more than $3.8 billion in capital improvement projects here.

Over the next five years, the city will fund everything from new streets to a new runway at Sky Harbor International Airport as well as libraries and arts facilities. It’s been more than 12 years since the city approved issuing general obligation bonds for capital improvement projects.

Phoenix has budgeted a little more than $1 billion this year and next for the host of projects. The city will spend $925 million in 2003, $895 million in 2004, $553 million in 2005 and $421 million in 2006. The number of private commercial projects have decreased in the recent months–most notably in the office and industrial sectors–but contractors and architects throughout the Valley have been heartened by the flood of public projects that are on the drawing board and have funding.

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