The Glendale City Council has agreed to a $77.5 million road repair project. $26.5 million would come from city issued, general-obligation bonds, $35 million from the Highway User Revenue Fund, $10M from the Glendale Onboard program, and $6 million from the annual budget.

The Benson City Council has approved an agreement with El Dorado Holdings to assist in the development of a planned community. The city may finance the construction of street and water infrastructure through improvement districts and the sale of tax-exempt bonds.

FINRA has accused a Phoenix investment company of securities fraud in connection with municipal bond sales to finance an Arizona charter school. The charter-school bonds were sold in a $10.5 million offering that Lawson Financial underwrote in October 2014.

Phoenix's Grand Canalscape plan, which will create a 12-mile trail system along the Grand Canal, will begin phase one of construction Spring 2017. The project will be funded through a $10 million federal grant, $5 million from city funds, and an additional $7 million from various sources.

The Regional Transportation Authority has approved a $160 million budget to finish and begin new Tuscon-area road projects. The funds will be drawn from a pool of money from 2011 and 2014 bond issuances.

Factsheet 2 of the Energy Investment Partnerships covers clean energy through bond markets, credit enhancements and capital markets, property assessed clean energy, and market assessment.

For $1.2 million, Rio Nuevo is buying out the city's stake in a 2008 development agreement with The Gadsden Company. Rio Nuevo, a special taxing district, will serve as a catalyst for numerous other Gadsden Company projects.

June 22-24, 1:00 - 5:00pm Eastern
CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online on June 22-24 to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

Join the CDFA Arizona Financing Roundtable for the third annual conference on October 13, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Arizona economy going forward.

The conference will take place at the Executive Conference Center in the Phoenix Convention Center in Phoenix, Arizona and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA Arizona Financing Roundtable Conference.

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