Apache Junction Economic Development Update Apache Junction City

Apache Junction Economic Development Update Apache Junction City Manager’s Report September 16, 2008 www. ajcity. net

Apache Junction Update n Organizational Activity: Economic Development Department Established Feb ‘ 07 Joined Greater Phoenix Economic Council (GPEC) July ‘ 07 Lost Dutchman Heights/Superstition Vistas Planning Dec ‘ 06 - ‘ 09 Retail Leakage Analysis Dec ‘ 07 May ‘ 08 http: //www. ajcity. net/index. asp? nid=402 CDBG – Downtown Revitalization Plan (Community Development Block Grant) May ‘ 08 Downtown Tool Kit July ‘ 08 http: //www. ajcity. net/index. asp? NID=403 www. ajcity. net

Apache Junction Update Projects Approved/Underway or Completed n Apache Junction Gateway – Diversified Partners n Apache Trail Projects : Superstition Harley-Davidson Arizona Federal Credit Union Shops @ Apache Trail Washington Mutual Bank Starbucks Apache Jct Shopping Center Apache Town Plaza Quik Trip n Light Industrial: Brown Motor Sports Russell - Fourth Ave bldg Vehicle Emissions Station 3 rd Generation Woodworking Empire Southwest, LLC PFG Office Suites Western Industrial Plumbing Other – RV storage facilities www. ajcity. net

Apache Junction Update Apache Junction Gateway www. ajcity. net

Superstition Harley Davidson www. ajcity. net

Apache Junction Update Arizona Federal Credit Union www. ajcity. net

Starbucks Coffee www. ajcity. net

Apache Junction Update Apache Junction Shopping Center www. ajcity. net

Shops at Apache Trail www. ajcity. net

The Mitchell Fox Building www. ajcity. net

Apache Junction Update Apache Town Plaza, a. k. a. Cobb’s Plaza www. ajcity. net

Washington Mutual www. ajcity. net

Quik. Trip Corporation www. ajcity. net

Apache Junction Update Brown Motor Sports www. ajcity. net

PFG Office Suites Development www. ajcity. net

Apache Junction Update Vehicle Emissions Testing Station www. ajcity. net

3 rd Generation Wood Working (old Brown Motor Sports building) www. ajcity. net

Western Industrial 3640 S. Cactus Road www. ajcity. net

Russell – Fourth Ave Bldg. www. ajcity. net

Apache Junction Update Empire Southwest, LLC www. ajcity. net

Apache Junction Update Empire Southwest, LLC n Construction cost - $7. 5 million for 45, 000 square feet (total of 62, 000 n n sq ft under roof) Land cost $2. 8 million Retail Sales and Leases - $22, 500, 000 in year 1, increasing 5% per year Jobs – 60 in year 1, increasing to 75 by year 3 at $22. 50 per hour [approx $46, 800 annually] Annual utility expenditures $132, 000 Property tax impact to our community: AJUSD = $122, 000 annually or $955, 000 10 yr NPV CAC = $ 38, 000 annually or $294, 000 10 yr NPV AJFD = $ 48, 000 annually or $373, 000 10 yr NPV www. ajcity. net

Apache Junction Update n Contact Information: n Steve Filipowicz, sfilipowicz@ajcity. net Economic Development Director (480) 474 -5064 n Janine Solley, jsolley@ajcity. net Business Advocate (480) 474 -5076 www. ajcity. net