By Rebekah Morris | AZ Builder’s Exchange, LLC
For the fourth year in a row, Phoenix has eclipsed all other municipalities in the state with the largest planned investment in public assets. The total of its five-year Capital Improvement Plan clocks in at $8.248B and provides funding for a wide range of capital projects including parks, roads and streets to libraries, airport improvements, and public safety facilities and equipment. This year’s total investment decreases from last year’s level by -2.91%.
The top five areas for investment are: Aviation, Public Transit, Street Transportation, Wastewater and Water. Collectively, these five departments represent 84.4% of the five-year total.