Tuesday, March 6, 2007

Prasada Part 2

Okay Surprise folks, as I said in my last posting on Prasada, we are beginning to hear which tenants will be moving in when Prasada begins catering to the community. Catholic Healthcare West, which owns St. Joseph's Hospital in Phoenix, Chandler Regional Hospital, and Mercy Gilbert Medical Center, will be building an outpatient facility (including urgent care, imaging, & physician services), with a hospital likely to follow. The facility will be occupying 45 acres within the Prasada project. The largest auto-mall is also supposed to have a place in Prasada with Ford, Sands Kia, Sands Chevrolet, Corwin Pontiac/GMC, and Performance Jeep/Dodge all signed on for a piece of the 180 acre site with hopes that all 38 nationally known auto-makers being included in the final project. The 303 Autoshow at Prasada will open by the end of 2008.

This mammoth project can be expected to pump tax funds back into the Surprise economy, but how much and how soon? Currently, the city earns $26-$28 million per year in sales tax. By 2015, $32 million in additional tax revenue can be expected from Prasada-related business alone! But, we don't have to wait that long because another $39 million in construction taxes are expected. The Dysart Unified School District can also expect additional tax funds... $16 million in property taxes by 2015, growing to $26 million by 2025.

As far as the residential project, expect a neighborhood boasting trail systems, streetscapes, family-oriented communities, & open spaces.

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