202 could affect cities’ revenue
Report estimates property, sales tax loss in road’s path
THE ASSOCIATED PRESS -
A report by the Arizona Department of Transportation shows
that Phoenix, Tolleson and Avondale could lose millions of dollars in sales and
property taxes from businesses displaced to make room for the proposed South Mountain
leg of Loop 202.
But economic development and transportation experts say the
worried communities will benefit in the long run with new businesses,
skyrocketing property values and decreased travel times.
would link Interstate 10 in the west and east, bypassing Phoenix.
Once a final alignment is determined, ADOT wants to start
purchasing land in 2008, start building in 2009 and finish by 2015.
If joined at Loop 101, the South
could cost Phoenix, Avondale and Tolleson a combined $23.3 million annually in
lost property and sales taxes by the time those areas reach buildout around
Those numbers account for businesses displaced by the road and
future development that could have occurred in the alignment.
The other routes run only through Phoenix.