Sometimes you need to distance yourself to see things clearly.
May 22, 2015, 1:54pm MST Updated May 26, 2015, 7:20am MST
Eric Jay Toll Reporter Phoenix Business Journal
The first segment of Interstate 11 is under construction on the north side of the Mike O’Callaghan-Pat Tillman Memorial Bridge over the Colorado River at Boulder City, Nevada.
The $318 million, 15-mile segment of divided highway will bypass Boulder City and connect with U.S. 93 near Henderson, Nevada. The Nevada Department of Transportation broke ground on two segments: a 2.5-mile portion bypassing Boulder City for $83 million; and a $235 million, 12.5-mile segment funded by the Regional Transportation Commission of Southern Nevada.
The project is the first new freeway mileage to be added to the nation’s 47,900-mile interstate highway system since 1992. I-11 is to be constructed from Nogales to either Seattle or Calgary, Alberta.
Representatives of the I-11 Coalition said that Boxer told them in a Washington D.C. meeting that she sees I-11 as important because of its potential to help interstate and international trade, and provide traffic relief from perpetually congested Interstate 5. That freeway runs from San Diego to the Canadian border, but also runs through the middle of Los Angeles, Sacramento, Portland and Seattle.
The last round of federal transportation funding included extending I-11 north of Las Vegas to either Interstate 80 at Reno or to the Idaho border. Nevada DOT is working on the route alignments for that segment.
Arizona’s planning process trails Nevada by several years because NDOT started its segment planning as part of its U.S. 93 improvements around Boulder. When I-11 was officially put on the map by the U.S. Department of Transportation in 2012, with Arizona and Nevada Departments of Transportation working together on a corridor study. That phase was completed in 2014.
The Arizona segment of I-11 will run from the Nevada to Mexican borders. The route generally follows U.S. 93, but a deeper ongoing study will determine the route through the Phoenix metro and the connection between Wickenburg and Nogales. This study will be a $15 million Tier 1 environmental impact statement that starts before year-end and will take about three years to complete.
An ADOT spokeswoman said in a statement that there is no immediate funding for Interstate 11 in Arizona beyond the $15 million for the Tier 1 Environmental Impact Statement. Throughout this process, the spokeswoman said, ADOT continues to work with partner agencies and stakeholders to develop innovative funding solutions. The goal is to construct I-11 as soon as possible.
ADOT needs a new funding approach because the typical mechanism — gas tax, vehicle license fees and federal grants — are inadequate to meet current and future transportation funding requirements.
I am actively looking to build relationships with Real Estate Investors and Owner / Users for Phoenix – Scottsdale – Tucson – Maricopa County – Pima County – Pinal County – Cochise County – Santa Cruz County –Yavapai County – Gila County – Arizona , USA
WHY PHOENIX ARIZONA : ???
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix.
Investors and owner/users need to really know the market before making a move in commercial investment properties as the market has a lot of moving parts today. What’s going on socio-economically, what’s going on demographically, what’s going on with location, with competing businesses, with public policy in general — all of these things affect the quality of your commercial properties/investment properties. Therefore, you need a broker who understands commercial properties. Please go to my web-site and get all the newsflashes and updates in Commercial Real Estate.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. I am also a commercial land specialist in Phoenix and a Landspecialist in Arizona. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail firstname.lastname@example.org or call me on my cell 520-975-5207 or Office:480-948-5554
Walter Unger CCIM
Associate Broker, Kasten Long Commercial Group
2821 E. Camelback Rd.
Phoenix, AZ 85016
View my listings and my profile at:
a little about me and my expertise – video
Delivering the New Standard of Excellence in Commercial Real Estate
- Commercial Real Estate Scottsdale
- Commercial Real Estate Phoenix
- Commercial Real Estate Arizona
- Commercial Investment Properties Phoenix
- Commercial Investment Properties Scottsdale
- Commercial Investment Properties Arizona
- Land Specialist Arizona
- Arizona Land Specialist
- Land Specialist Phoenix
- Phoenix Land Specialist
- Land For Sale Phoenix
- Land for sale Arizona
- Commercial Properties For Sale Phoenix
- Commercial Real Estate Sales Phoenix
- Commercial Properties Phoenix
- Commercial Properties Arizona
- Commercial Land Specialist Phoenix
- Commercial Land Phoenix
- Multifamily land Phoenix
- Retail Land Phoenix
- Industrial Land Phoenix
- Land Commercial Phoenix
- Land Retail Phoenix
- Land Industrial Phoenix
- Land Multifamily Phoenix
- Industrial Land for sale Phoenix
- Land Industrial
- Investment Real Estate
Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.