FirmoGraphs keeps our clients up to date on capital plans that may contain leads for them. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed City of Glendale, Arizona, latest capital spending plan. Here are the insights we observed.
In the CIP covering the 2022-2031 fiscal years, Glendale detailed plans to spend $1,310.7 million on capital projects, an increase of 16% from $1,127.1 million in the 2021-2030 CIP. The current CIP has 266 discrete projects, compared to 188 projects in the prior CIP. The table below breaks down the City of Glendale's planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Spending in Street, Facility Maintenance, Parks, and Wastewater Increases
There has been a substantial increase in Streets related spending, increasing by $144 million this period with funding going toward existing projects. There are also new Street Reconstruction projects worth $97 million, and a $12.1 million Scallop Street Program. Planned spending in the Facility Maintenance business area increased by 28% largely due to a new General Government Capital Projects worth $67 million. The Parks category increased by 17.8%, to $137 million. The $24 million increase in wastewater spending includes Wastewater Treatment Plant Improvements, West Area Water Reclamation Facility Improvements, and Sewer Line Replacement.
Public Safety and Water category cut their spending by $40 million and $32 million, respectively. There is a completed project under the Public Safety, which is the construction of the City Court Building worth $37.2 million, and the Loop 101 Water Treatment Plant worth $43 million in the Water category.
One Project to Get More than $100 Million
The city of Glendale’s current CIP has nine notable projects. One project is valued at more than $100 million, and eight projects are valued at more than $25 million. The largest single project goes to Pavement Management under the Streets category, valued at $102 million. Street rehabilitation is necessary to maximize the life of the city’s residential, collector, and arterial street network. Another $46 million is planned to complete the amenities of the Heroes Regional Park and $40 million for the Park Infrastructures Improvement.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including capital plans, regulatory developments, and other critical information. We help our customers use this information to gain competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in capital plans and other publicly available documents. Feel free to request a meeting and review the data live in our Business Intelligence platform.
