The University of Arizona has announced plans to transform a 2,100-acre agricultural research property in Maricopa into an innovation center. The project will include a 300-acre research and technology park, as well as a satellite education campus and 600 acres of mixed-use commercial buildings such as retail shops, hotels, housing units, and medical facilities.
According to the university’s estimates, this development could generate an annual economic output of $4 billion. It is expected to create tens of thousands of jobs and bring in $74 million in tax revenue within the first five years. To support this project, the U.S. Economic Development Administration has provided a grant worth $400,000 for conducting feasibility studies.
However construction on this massive project is not expected to begin until at least Spring 2025.
Adjacent to this planned innovation center is another major development – Redevco’s proposed industrial park spanning over 1
