A proposed annexation could make way for more industrial development on the city’s west side to the tune of a $599.1 million project.
The city council at its Tuesday afternoon workshop next week will consider an annexation application for land to house a new development called Parkway 303 East. According to an August report from Phoenix-based consulting firm Applied Economics, Parkway 303 East is estimated to cost $599.1 million for 4.38 million square feet of light industrial space.
Parkway 303 could support about 635 jobs at an average wage of $53,000, according to the study, which also estimates one-time fees related to construction of $16.9 million, and an anticipated annual net impact to the city of $1.49 million per year.
