In early July, the Phoenix City Council voted to adopt the Downtown Plan, a vision for future growth, neighborhoods, and parking, and the first part of the Urban Form Project. The Plan defines Character Areas within the plan boundaries (roughly bound by Seventh Avenue, Buckeye Road, Seventh Street and McDowell Road) with the goal of ensuring that city planning and zoning [...]
[Source: MSN Money, June 26, 2008] — New tax incentives for solar energy companies are moving forward at the Arizona Legislature. Arizona House of Representatives committees Thursday moved forward a bill (HB 2872) that offers income and property tax breaks for solar firms locating in the state. Solar tax credits are also part of a [...]
[Source: Jahna Berry and Andrew Johnson, Arizona Republic, June 25, 2008] – The financial storm brewing around Mortgages Ltd. has touched two key downtown Phoenix projects, a blow to ongoing efforts to reinvigorate the city’s heart. There is no more loan money to fund construction and renovation work for Hotel Monroe, a high-profile luxury project, [...]
[Source: Mary Jo Pitzl, Arizona Republic, June 21, 2008] — Recent long-running legislative sessions have featured months of budget bickering between the GOP-led Legislature and the Democratic governor and at least one big last-minute deal. This year’s eleventh-hour proposal is the jobs-stimulus package, a plan to boost the state’s economy through tax breaks for developers, [...]
[Source: Andrew Johnson, Arizona Republic, June 20, 2008] — A developer behind several high-profile real estate projects and a construction contractor filed a petition late Friday to force lender Mortgages Ltd. into bankruptcy. Grace Communities, which is developing the 44 Monroe condominium tower and Hotel Monroe in downtown Phoenix, filed motions in U.S. Bankruptcy Court [...]
[Source: Mike Sunnucks, Phoenix Business Journal, June 13, 2008] — State lawmakers and business advocates are putting together a tax and economic package that offers tax credits to solar energy companies, expands tax breaks to companies that do research and development work in Arizona, and allows for Tucson-area officials to tax restaurants and tourists to [...]
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