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Phoenix capital improvement plan jumps 30%

Posted by   /  May 16, 2017  /  No Comments

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Credit: HOK

By Rebekah Morris and Roland Murphy for Arizona Builder’s Exchange

The preliminary five-year total for the City of Phoenix Capital Improvement Plan tops $4.6B, an impressive 30 percent increase over last year’s total. Departments with the largest expenditures are public transit, aviation and water supply. For perspective, the peak 5-yr total reached 7.0B in 2007, while dipping to a low of 3.22B in 2012.

Department Highlights & Lowlights

Departments with the largest spending the ones with dedicated revenue streams. Aviation looks to spend $950M in the next five years, funded in part by a Passenger Facility Charge on each boarding at Sky Harbor. Similarly, Water and Wastewater departments are partially supported by user fees, the utility bills everyone has to pay one way or another.

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