Peoria, Arizona is collaborating with the state to develop thousands of acres of land for future growth, spurred by major semiconductor investments nearby. The city aims to designate 8,300 acres for development, focusing on areas like the North Peoria Gateway and the Peoria Innovation Core. These plans include a mix of residential and commercial spaces along Loop 303. Additionally, Peoria is eyeing the development of a Peoria Airpark for aviation and industrial purposes, potentially generating thousands of jobs and significant tax revenue. By updating its general plan and attracting major projects like Stadium Point and The Trailhead, Peoria aims to enhance its economic landscape and provide more local job opportunities, reducing residents’ need to commute.
