Title
Phoenix Economic Overview and Update: Part 3 - Land, Real Estate, and Economic Geography - Citywide
Description
This report will provide the Economic Development and the Arts Subcommittee with an update on how Phoenix’s land use policies, development capacity, and infrastructure investments have driven recent growth and will shape future developments.
THIS ITEM IS FOR INFORMATION AND DISCUSSION.
Report
Summary
This presentation is part three of the Phoenix Economic Overview and Update series and will examine how land availability, development strategy, and infrastructure investment have supported Phoenix’s economic growth since the Great Recession and positioned the City for continued competitiveness.
Phoenix has leveraged land use policy, strategic infrastructure investments, and coordinated planning to support large-scale development and attract private investment. Compared to many peer cities facing land constraints, Phoenix has maintained development capacity that enables continued economic expansion.
The presentation will review real estate trends and compare them with Phoenix’s development activity across retail, entertainment, sports, hospitality, and convention-related sectors, noting the role of major civic assets like the Phoenix Convention Center in supporting tourism and downtown economic activity. It will also outline upcoming development and redevelopment opportunities Citywide, including infill projects, underutilized site redevelopment, and infrastructure investments that will support future employment centers and mixed-use districts.
Discussion will focus on how Phoenix has used land use policy, zoning, and infrastructure to enable growth; the remaining development capacity within the City; and how Phoenix should prioritize redevelopment and infrastructure investments to maintain long-term economic competitiveness.
Department
Responsible Department
This item is submitted by Assistant City Manager Ginger Spencer and the Community and Economic Development Department.