PEORIA CASE STUDY

Connecting Locally to Expand Globally

January 19, 2012

Today’s Presentation

The Peoria Opportunity Quick Facts on Peoria Moving ED Forward in Peoria Investment Zones

Vistancia Mega Site P83 Entertainment District Plaza del Rio Old Town Redevelopment Rovey Industrial Park Mega Site

Conclusion

The Peoria Opportunity

Peoria is focused on Development Economic Development is the City’s priority We have a game plan

We are willing to invest and have created framework to legally do so (City North compliant)

We have a track record with strategic partners We have premiere locations ready for development

We are able to help you get your project done We are looking for strategic partners to help us

take advantage of key development opportunities

Quick Facts on Peoria

1. Available land and buildings 2 mega sites and prime commercial space

2. Top schools PUSD in top 17%; BASIS charter school

3. Technically-skilled workforce

20% of employment base in health care

4. Great quality of life Ranked Top 100 place to live in Money magazine

5. Affluent community Median 2010 HH income $68,518

Moving ED Forward Maxwell Technologies Peoria Incucelerator Vistancia Mega Site Osage West ENA

(P83 mixed-use development)

Vanguard Health Systems ENA

IGA with Maricopa County for ED at Lake Pleasant

Old Town Commercial Rehab Program Underway

Investment Zones

P83 Entertainment District

Bell Road

Loop 1

01

75

th A

ve.

23

1

Peoria Sports Complex

It’s All In The Game

Arizona Broadway Theatre

1

2

3

P83 Entertainment District1. 2010 – Adopted Urban Design Master

Plan targeting infill development2. Osage West, LLC is current partner

for mixed-use redevelopment project at Sports Complex

Destination development 400,000 SF mixed-use development Parking garages

P83 Entertainment District

3. New identity – Peoria Eighty Three (P83) District improvements (pedestrian connectivity,

wayfinding, placemaking) to begin later in 2012

4. It’s All in the Game player development facility2009 Avg. HH Income $81,4552009 HH Incomes > $100k 29%Population in 10-minute radius

260,000

Avg. Daily Traffic Loop 101 127,000Avg. Daily Traffic Bell Rd. 69,000

Redevelopment Project Concept

Old Town Peoria

Peoria Ave.

83

rd A

ve.

1

56

8 Grand Ave.

7

2 43

9

Goodwill

Former Smitty’s

Peoria Town Center

Performing Arts Center

Osuna Park

Washington Street

Properties

Commercial Rehab Phase I (Wagoner)

Municipal Complex

Centennial Plaza

Peoria Place

9

8

4

5

7

6

3

2

1

10

10City InvestmentAvailable Development Opportunities

Old Town

1. University Recruitment at Peoria Place single most important economic catalyst in Old Town

2. SOQs for development opportunities for two Old Town areas

Peoria Town Center (25.6 acres) Washington Street Properties (includes

City-owned buildings)

3. Grand Avenue redevelopment opportunities

Old Town

4. City investing $80 Million in physical improvements

5. Commercial Rehabilitation Program committed to pay 100% of improvements to Old Town Commercial Properties

2009 Avg. HH Income $69,009Population in 10-minute radius

300,000

Avg. Daily Traffic Hwy 60/Grand Ave.

30,000

Avg. Daily Traffic Peoria Ave. 19,000

Vistancia Mega Site

Loop

303

Vistancia Blvd.

Ridgeline Rd.

Lone Mountain Rd.El

Mirag

e Rd

Freeway access from Lone Mountain Rd. to Loop 303 (opening Spring 2012)

½ street improvements from Vistancia Blvd. to Lone Mountain Rd.(completion est. 9 months from design start)

500 acres

Vistancia Mega Site

1. 500 acres of commercially zoned private land along Loop 303 (shovel ready program in place)

2. Loop 303 connects I-10 to I-173. Lone Mountain build out complete March 2012

2009 Avg. HH Income $87,897Population in 10-minute radius

33,452

2009 HH Incomes > $100k 39%

Plaza del Rio

Thunderbird Rd.

Loop

101

Banner Medical

Group

Freedom Plaza

Peoria

Incucelerator

Rio Vista Park

4

3

2

1

4

3

21

Plaza del Rio

1. 55 acres on Arizona’s largest health care campus

2. Campus home to Banner Medical Clinic, Pivotal Research Center, Freedom Plaza, Peoria Incucelerator

3. Proximity to 4 hospitals: Banner Boswell, Del Webb, Arrowhead and Banner Thunderbird

4. Thunderbird location along the Loop 101

Rovey Industrial Park

Olive Ave.

BNSF RR

Grand Ave.83rd

Ave.

75th

Ave.

Northern Ave.

Rovey Industrial Park

1. Planned Industrial Park; Phase 1 – 128 acres

2. Zoned light industrial3. Proposed rail spur on BNSF line4. Grand Ave/Hwy 60 adjacent; Loop

101 1.5 miles west5. Abundant water and electricity

Site adjacent to generating station and water facility

Lake Pleasant Opportunity

IGA with Maricopa County for economic development at the lake Master ground lease holder

Pristine area with lake amenity offers year-round opportunity 2 full-service marinas; 10,000 acres of

water Hwy 74 location provides access

from I-17 and Lake Pleasant Parkway

Conclusion

Economic Development Strategy in place

Strong workforce Initial success in renewable energy

company location, higher education and health care

Many development opportunities Priority redevelopment projects Aggressive and focused City Council Established Incentive Policy

We invite YOU to build something with us.

Scott WhyteDirector, Economic Development

Services623-773-7738scott.whyte@peoriaaz.govwww.peoriaed.com