$522M budgeted for Peoria Innovation Core over next 10 years

City will use ‘varying funding sources’ before funds are reimbursed

Deputy City Manager Mike Faust discusses improvements to the Peoria Innovation Core at the March 26 budget hearing. The map shows the multiple projects planned for the PIC.

Screenshot

The city of Peoria has more than a half-billion dollars in capital improvement projects planned over the next 10 years for the Peoria Innovation Core in the northern part of the city.

Finance officials are on the homestretch to completing their proposed fiscal year 2026 budget planned for $1.17 billion.

Separate but concurrent to the budget is the city’s Capital Improvement Program that budgets projects into the future, from 2026 to 2035.

You must be a member to read this story.

Join our family of readers starting at $5 for your first month and support local, unbiased journalism.

Already have an account? Log in to continue.

Otherwise, follow the link below to join.

The latest edition of the Phoenix Independent

View this issue

Browse other issues

Latest Opinions

U.S. vs. Mexico: ‘War’ that ends at final whistle in Glendale

OPINION — On Saturday, Oct. 3, at 7 p.m., the United States’ men’s soccer team will play Mexico at State Farm Stadium in Glendale. On paper, it is a friendly. Nobody in my family …

Trump, GOP don’t embody the Cowboy Code

OPINION — I used to be a Republican. I voted for Ronald Reagan. To me, Reagan embodied the Cowboy Code of actor singer Gene Autry. The code included that the cowboy must never shoot …

Goodyear is building; D.C. keeps getting in the way

OPINION — Goodyear is one of the fastest-growing cities in America. Every month we approve homes, break ground on employment sites and work to keep power and water ahead of demand.

Will the real Republicans please step forward?

OPINION — I have a question for Paul Cahill, who wondered in a recent letter to the editor where America’s real Democrats are. ... I’ll ask: Will the real Republicans please step …

America's Charters of Freedom give Arizonans the power to bargain

OPINION — I’m replying to Annarose Lilly’s labor bargaining comments. America's Charters of Freedom already give Arizonans the power to bargain, so why would they pay a third …

Most recent

Saints placing running back Travis Etienne Jr. on injured reserve

New Orleans Saints coach Kellen Moore says running back Travis Etienne Jr. is being placed on injured reserve. The move means Etienne will miss a minimum of four games. His earliest possible return …

Paradise Valley volunteer police officer Howard Hecker remembered for decades of service

What to know about Christa Pike, who survived a lethal injection execution attempt in Tennessee

G20 trade talks yield little progress while tensions simmer

Women's basketball player from Senegal has deportation order rescinded after arrest by ICE

Carly Rae Jepsen bringing 2027 tour to Phoenix