The Entertainment District of Peoria (P83) has been the home for the Seattle Mariners and San Diego Padres spring training since 1993. An Urban Redesign Master Plan for the 570-acre District was adopted by the City Council in 2010 to enhance this already strong community asset by increasing density, establishing a district identity, and creating a sense of place. Located adjacent to the Loop 101 at Bell Road, the area has tremendous visibility. P83 is home to several community and area icons including:
“The city has entered into a management contract with BioAccel to leverage their expertise and reputation in the medical device/bioscience community as well as to provide the necessary energy to enable the successful launch and management of the city incubator. This partnership will significantly advance the economic development goal of the incubator, provide for greater opportunities for promotion nationwide and create jobs in the future.The operating agreement provides BioAccel with funding for the operation, management, oversight and services part of the incubator program, as well as seed funding capital for loans and investments in bioscience technology and eligible businesses housed within Bioinspire.”
A common issue raised by founders and other members of the Arizona startup community is the lack of venture capital as compared to other parts of the country. Our guest, MaryAnn Guerra from BioAccel (www.bioaccel.org), shares her opinion about the reality and implications of this issue. We then discuss the steps she and others are taking to improve access to venture capital for early stage companies, particularly startups involved with biotechnology. This is a time of fast-paced change across the funding landscape in Arizona, so listen to learn more...
Northern Peoria represents the new frontier for the city. Tens of thousands of acres of pristine land got major freeway access when the Loop 303 opened in spring of 2011, connecting Interstates 10 and 17. This area is planned to be a large employment center for the region, and the city has designated planning and zoning uses that range from business and industrial parks to master-planned communities. The Vistancia Commercial Core is composed of 500 acres of privately-owned, commercially-zoned land that is fully entitled and shovel ready. The land, which is part of the Vistancia master-planned community, is along the Loop 303 in northern Peoria and is the premiere "mega site" in the Phoenix metropolitan area.
The Revitalization of Old Town Peoria is the city’s plan to restore the historic district and breathe new life into the established downtown. A concerted effort is currently being undertaken to attract redevelopment and reinvestment in the area. The city adopted a Commercial Rehabilitation Program in October 2010 to assist with the rehabilitation of commercial properties. The first property to go through the program was Wagoner Plaza 1 on Peoria and 85th Avenues. The city issued a development Statement of Qualifications for both the 25 acres of the Peoria Town Center on 83rd and Peoria Avenues and for the Washington Street properties adjacent to Osuna Park. For more information, contact Paul Zampini at 623-773-7642 or firstname.lastname@example.org. The city has also invested several million of dollars in Capital Improvement Programs for Old Town, which included landscaping and streetscaping projects, undergrounding power lines, roadway improvements, and the building of parks and public open spaces.
Peoria's second "mega site" is the Rovey Industrial Park, with over 300 acres of prime industrial real estate in the well-developed southern tip of the city. The area sits along the BNSF rail line into Phoenix and is adjacent to the Peoria Industrial Park, the Butler Water Reclamation Facility, and the Agua Fria Generating Station. Water is in abundant supply throughout the site, making it ideal for manufacturing and industrial projects.
In January 2010, Peoria completed a feasibility study and market analysis on attracting higher learning institutions to the city. The results of the study identified three key points: