$4B Disneyworld style Theme Park coming soon (Phoenix, Yuma: rent, homes)

[sh9730]

Originally Posted by man4857

Is there any information on when the plans will be tentatively finalized/ready for construction?

Not beyond what I mentioned above and confirmed with the developer last week. They are pretty comfortable (but nothing is a guarantee) that they will have the initial Waterpark and hotel open in late 2020 followed quickly by the remaining Phase I items (extreme sports park, wild animal park, some other hotels etc by early 2021.

They hope to have their more professional website with renderings etc. up and running soon - after the final reading of the approval of last week.

[Valley Native]

Originally Posted by sh9730

Not beyond what I mentioned above and confirmed with the developer last week. They are pretty comfortable (but nothing is a guarantee) that they will have the initial Waterpark and hotel open in late 2020 followed quickly by the remaining Phase I items (extreme sports park, wild animal park, some other hotels etc by early 2021.

They hope to have their more professional website with renderings etc. up and running soon - after the final reading of the approval of last week.

As much as I'm in favor of something like this, I'm afraid TempeAZNative might be right ... and even if it does get built, chances are that it will be a scaled down version of the original plans. My skepticism comes from the many other theme park proposals in the past which sounded promising, but never materialized. It would be great if it could come to full fruition as planned. After all, the location is good (situated between two metro areas) ... and summer heat shouldn't be an issue if it's done correctly. At this point, I say I'll believe it when I actually see it.

[AZLiam]

Originally Posted by Valley Native

As much as I'm in favor of something like this, I'm afraid TempeAZNative might be right ... and even if it does get built, chances are that it will be a scaled down version of the original plans. My skepticism comes from the many other theme park proposals in the past which sounded promising, but never materialized. It would be great if it could come to full fruition as planned. After all, the location is good (situated between two metro areas) ... and summer heat shouldn't be an issue if it's done correctly. At this point, I say I'll believe it when I actually see it.

I could be wrong, but I do not remember many other proposals that seemed as promising as this one. Many simply could not find investors or were found out to be frauds. The only thing I could see getting in the way of this one is another downturn in the economy.

[TempeAZnative]

Originally Posted by AZLiam

I could be wrong, but I do not remember many other proposals that seemed as promising as this one. Many simply could not find investors or were found out to be frauds. The only thing I could see getting in the way of this one is another downturn in the economy.

Casa Grande is selling you wolf tickets with all these grandiose projects such as Phoenix Mart and now this. Hell I'd love to be wrong but isn't getting built.

[sh9730]

Originally Posted by TempeAZnative

Casa Grande is selling you wolf tickets with all these grandiose projects such as Phoenix Mart and now this. Hell I'd love to be wrong but isn't getting built.

Actually as somebody who has actually SPOKEN with the developers and others involved (in order to form my support/opposition as an active citizen) and while they haven't opened up there business plan to me - the city HAS received pro-forma financials, and they have made me feel pretty comfortable that the financing is there for at least Phase I.

Remember, since we are entering into public improvement projects with a price tag of $300 million, the city did need to get SOME financial assurance things would not be half completed etc.

Does that mean it will be successful which will then help them finance future Phases etc. - no guarantee. But I think we will see at least the waterpark, hotel, and the phase I items listed above within 5 years.

As for Phoenixmart - while we ALL wish things had been a little smoother on that project - things ARE moving along - the sewer agreement was just approved last month and the building shell is up and they are doing inside stuff on the building. Roads and landscaping should start soon.

Attesa (the formula one motorsports compex) got a major approval for zoning from the county just last week and they are very public that they expect ground breaking in early 2018.

Finally - Lucid Motors IS a question mark right now - it all depends on whether they continue to get their own finance or get acquired - if they get acquired from an existing auto maker - they MAY decide to use existing facilities - but it is all up in the air (no pun intended as the car is named "air") for another month or so.

There will be more announcements in the area very soon - so - I think CG and environs WILL be changing.

But we wait and see.

[Giesela]

Originally Posted by sh9730

More details arise out of the independent financial report commissioned by the city (legal requirement to enter into a sales tax rebate agreement):

http://destinyhosted.com/casagdocs/2...dEconomics.pdf

Of course EVERYTHING here is subject to change but....

The numbers are HUGE - 19K construction jobs - 15K other jobs -

2.0 million annual visitors in Phase I

9.0 million annual visitors at build out (10 years)

Phase II details were a bit sparse but this report outlines more detail - again, subject to change


600 unit Timeshare/Condo project

An Additonal OUTDOOR Water Park and 300 Room Hotel
(Remember Phase I includes a LARGE INDOOR Water Park and 300 room hotel - this would be in ADDITION to that)

Wildlife Park expansion and ANOTHER 300 Room Hotel
(Again Phase I has the initial wildlife park and 300 Room Hotel)

750K of retail space

On office tower (300K Sq Ft)

Movie Studio

A Snow Ski Park (Not sure what that is?)

A Coaster Park

30 Full Service Restaurants (In addition to the 14 in Phase 1)

1400 ADDITIONAL Hotel Rooms

An event center

Where is all the water coming from? Personally I think outdoor water parks, pools etc. is pretty irresponsible.

[AZLiam]

Originally Posted by Giesela

Where is all the water coming from? Personally I think outdoor water parks, pools etc. is pretty irresponsible.

Personally, I think not doing your due diligence in understanding water sources/usage/conservation efforts before coming to hasty conclusions is pretty irresponsible

[Giesela]

Originally Posted by AZLiam

Personally, I think not doing your due diligence in understanding water sources/usage/conservation efforts before coming to hasty conclusions is pretty irresponsible

Is it that hard? The Colorado River supplies a lot of Arizona's water. Even if it has recovered from the drought, is it really responsible to just be the grasshopper and spend it now! and now worry about the next drought?
Its a desert, evaporation is real. As climate deniers are always claiming - things run in cycles. So there will be another drought.

Personally I like to eat. Taking water from farmers is stupid. And I like farmers and want them to be able to make a living.


From 2014
4. In-state supplies are hurting.

Not everything comes from the Colorado — about half of the water supply for metro Phoenix comes from Roosevelt Lake and the Salt and Verde rivers, right? Well, things aren't much better there. Roosevelt, the largest in-state reservoir, is just 39 percent full. Together, the six reservoirs on the Salt and Verde are at 49 percent of capacity. (By the way, Flagstaff gets a significant share of its water from Lake Mary — it's shrinking, too, with no change in sight.) All of this means Salt River Project, which manages the system and delivers water to farmers and Valley cities, will likely start to pump more groundwater instead, as will farmers in central Arizona. And you can probably see where this is going ...

5. Groundwater supplies are shrinking at an alarming rate.

A new study by NASA and the University of California-Irvine found the Colorado River basin has lost 41 million acre-feet of groundwater since 2004. That's the equivalent of the entire amount of water in Lake Mead when it's full, plus half of another Lake Mead. Enough to supply the residential water needs of every person in America for one year. Gone. And it doesn't just come back. Scientists say states pumped from their aquifers to make up for dry years on the river. While one wet year can start to refill a reservoir, groundwater stores can take centuries to recover.

But wait. Don't panic. Arizona is not in the same beached boat as California, because:

1. You might not even notice the cutbacks at first.

If there is a shortage on the Colorado River, the first people to lose it are farmers in central Arizona. Their rights are lowest on the list.Homes and businesses in the three counties served by the CAP Canal (Maricopa, Pinal and Pima) get higher priority. Even under the worst case outlined in the drought plan, about 1 million acre-feet would continue to flow down the canal each year during the shortage, enough to provide what cities currently take from it. (That's as long as the river can supply that much water. If things get bad, biblically bad, the CAP would have to shut down. The only people with rights to the very last drops of Arizona's share are the farmers in Yuma — their rights are the most senior of all.)

[mrshowtime3]

Farming is currently a much bigger yearly waster of water then some theme park would be. Since a large chunk of AZ farming is foreign owned animal feed farms that export their crop. That should make you more angry then a theme park.

[sh9730]

2nd reading of all the zone changes and tax agreement passed last night at City Council. This now gives them the official go ahead to purchase the land out of escrow and start much more detailed planning.