If you think you can or you think you can’t, either way you are right.
Mar 20, 2015, 1:09am MST UPDATED: Mar 20, 2015, 7:17am MST
Eric Jay Toll Reporter-Phoenix Business Journal
Three public-private partnership groups have been short-listed by Arizona Department of Transportation for the contract to design, build and maintain the 22-mile final leg of Loop 202.
ADOT reviewed proposals for the freeway project over the winter while it awaited the final approvals from the Federal Highway Administration to build the most expensive freeway segment in Arizona history.
South Mountain Development Group, Connect 202 Partners and South Mountain Mobility Group are the three groups that will battle for the nearly $2 billion freeway connecting Interstate 10 at 59th Avenue in the West Valley to the I-10-Loop 202-Pecos Road interchange in the East Valley.
The construction value could go higher with Phoenix responsible for improvements to connect with 17 freeway interchanges in the city. Street Transportation Director Ray Dovalina said the city would want to coordinate its efforts with the freeway construction.
ADOT started down the road for a public-private partnership when an unsolicited proposal was submitted by the South Mountain Development Group – one of the three finalists.
The proposal from Kiewit Development Co. and Kiewit Infrastructure West Co., Sundt Construction Inc. and Parsons Transportation Group Inc. was to design-build-finance the freeway. The proposal marked the first time ADOT ever received an unsolicited bid on a project.
The group said in its proposal that the freeway was needed now and must be accelerated.
ADOT, which has been nationally recognized for innovating highway construction delivery programs, reviewed the idea and came back with the design-build-maintain concept. At the time, the highway department said it had the funding it needed from Maricopa County’s voter-approved transportation sales tax and a sale of tax-exempt bonds.
Adding the maintenance component is new for Arizona, and transportation officials believe that it results in a better-built freeway if the contracting team also has to maintain the road for 30 years.
A final request for proposals will be distributed to the three groups this spring, ADOT said, and the contract for the freeway will be issued by the end of the year. The project will take four years to complete.
Eric covers economic development, banking and finance, infrastructure, transportation and utilities.
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
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
1
Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
2
http://en.wikipedia.org/wiki/Phoenix,_Arizona
3
Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
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.
1-520-975-5207
View my listings and my profile at:
http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/
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.
Check out my professional profile and connect with me on LinkedIn.
Follow me on Facebook:
http://www.facebook.com/ungerccim
Follow me on Twitter:
https://twitter.com/Walterunger
Follow Me on Google+
https://plus.google.com/u/0/b/114560883588623379451/
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 walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554
Thank You
Walter
Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
Cell: 520-975-5207
Office : 480-948-5554
Fax: (480-658-1172
View my listings and my profile at:
http://www.loopnet.com/Profile/14101172900/Walter-Unger-CCIM/
a little about me and my expertise – video
commercial-investment real estate adviser-land specialist
https://www.youtube.com/watch?v=PPs3kpKR4nY
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
- P
- 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.