Business View Magazine | August 2020

186 BUSINESS VIEW MAGAZINE AUGUST 2020 The project will have a positive impact of approximately $24 million, annually, on Maricopa’s economy and is expected to support about 270 new jobs – about $10 million in annual payroll. And all the multi-family households that will be there within the development could have a combined annual income of $42 million and an estimated $14 million in spending at surrounding local businesses. That project is expected to be built out in phases over the next three or four years. Kitty-corner to Copper Sky, the Ak-Chin Indian Community has a casino and the very popular UltraStar Multi-tainment Center with a movie theater, bowling alley, arcade, and several restaurants. UltraStar is an active member of the Maricopa Chamber of Commerce. Builders particularly enjoy investing in Maricopa because of the city’s progressive permitting process. At the onset of every project, a permit applicant is assigned a project liaison, a single point of contact who walks applicants through with them and it’s really exciting to see what’s coming here. Based on the estimated amount of direct sales and property tax revenues to the city, this business park could generate $2.5 million in total new revenues, annually, once it’s built out. That’s a great economic boost to the city.” The city is also pushing for mixed-use development. A prime example is the Copper Sky Recreation Complex that includes several multi-use sports fields; a little lake for fishing; an aquatic facility; a multi-generational facility with a gym, and classrooms for events. Pickleball courts, tennis courts - and it’s not done. The La Quinta Hotel is under construction now, but that’s only a small piece of what’s to come. The Copper Sky Commercial project will consist of about 1.3 million sq. ft. of new construction, featuring senior living units, market-rate apartments, and 32,000 sq. ft. of commercial and retail development in an undeveloped area next to Copper Sky along Martin Luther King Boulevard.