Monday, November 26, 2007

Peoria Assigns Value to Water for Land-Use Plans

Beginning in January, Peoria will become the first city in Arizona to allocate water to new projects based on criteria other than "first come first served," as reported today on AZCentral.com.


Their goal is to maintain the city's general plan, which would have more commercial and industrial development along the 303 and other major crossroads, rather than having residential development back to the major arteries. They cite the area around Loop 101 between Northern and Olive as an example of what they don't want to see.


From a macro, city-wide view, this looks like a good idea. Not only can you ease traffic by having offices and business in easy-to-access locations, you can increase the values of both commercial and residential properties. Who wants a house backing up to a freeway (low value)? And who wants a business that's difficult to get to (low value)?



Good for you, Peoria.

Your living in a cutting edge city Realtor,

Chris Butterworth