By Isabella Zarate | AZ Central
With Peoria’s adoption of its tentative $950 million budget, city leaders have big hopes for the future including a municipal airport.
On May 2, the City Council approved to allocate $500,000 for an airport feasibility study. The study is intended to analyze the cost of building an airport in northern Peoria near the Taiwan Semiconductor Manufacturing Co.
TSMC is a Taiwan-based company that focuses on producing computer chips. In 2020, TSMC announced plans to open up a hub in Arizona. Now, three years and $40 billion later, the project has turned into the largest foreign investment in Arizona history, opening the doors for hundreds of jobs and potential economic prosperity.
