Peoria explores airpark in hopes of sparking business

The concept of bringing an airport to Peoria started more than two decades ago. Now the city is picking the prospect back up to help spark economic growth.PEORIA, Ariz. — The City of Peoria has allocated almost half a million dollars to fund ongoing studies for a potential airpark.

Faust said on May 7 there was a study session and it was determined that there was a need for an airpark. According to a preliminary economic impact statement, an airpark could bring in the city one billion dollars in annual economic impact, create nearly 8,000 jobs and bring in more than $60 million annually in state and local taxes.

"We know that a rough could be in $150 million range," Faust said."50 million for land and $100 million for initial construction, but that's what this staff are out doing now, is collecting more facts, understanding what it would take to move forward so this city council can make a fully informed decision."Hot and humid heading toward the weekend

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peoria resident concerned about campaign signs near roadwaysPatrick Hayes is a reporter and multimedia journalist at ABC15.
Source: abc15 - 🏆 263. / 63 Read more »

3 teens arrested in connection to violent ambush attack on girl in PeoriaThe girl was taken to the hospital with head injuries, police said.
Source: 12News - 🏆 586. / 51 Read more »

Peoria lottery ticket now worth $50,000A look back at some of the past lottery winners over the years, from how they won to their experiences after getting the money.
Source: 12News - 🏆 586. / 51 Read more »

Child allegedly kidnapped by non-custodial parent: Peoria PDPolice in Peoria say they are looking for a two-year-old who was allegedly taken by a parent who had no custodial rights.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »

Peoria police searching for 2-year-old girl allegedly kidnapped by non-custodial parentA man was stabbed to death in west Phoenix early Saturday morning. Watch the video above for more details.
Source: 12News - 🏆 586. / 51 Read more »

Mother of Peoria child kidnapped by father says court system let her downA young toddler from Peoria is home following her apparent kidnapping and weekend manhunt. Her mother says she's upset with the court system as she warned authorities several times about the girl's father.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »