The panic came just after the state unveiled a new groundwater update for the Phoenix metro late last week and said it would halt new subdivision construction that haven't already secured water certificates required to build and are reliant on groundwater.
PHOENIX — In the past several days, Chris Camacho, the CEO of the Greater Phoenix Economic Council, said his organization has fielded about 200 messages from stakeholders who have raised questions and concerns over Arizona's future.
The texts, calls, and emails poured in from national site selectors, investors, and their clients wondering if the Phoenix metro could no longer support the substantial growth it has experienced for years in housing, population. and economic development. The panic arrived just after the state unveiled a new groundwater update for the Phoenix metro late last week and said it would halt construction for subdivisions that have not already secured water certificates required to build and are reliant on groundwater.
National media outlets subsequently released stories that said the pause in water determinations, which are required for most for-sale homes because of groundwater regulations in the state, signaled the"beginning of the end" for Phoenix's booming growth.Read more of this story from the Business Journal.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Donate now to help Tucson-area kids do more, be more thanks to you, summer camp, Arizona Daily Star Send A Kid to CampThanks to Arizona Daily Star readers Southern Arizona boys and girls are going to summer camp.
Baca lebih lajut »
Firefighters save kitten found in burning ash of fire at south Phoenix recycling plantPhoenix Fire Capt. Danny Garcia says he was working behind the office building of Saguaro Steel when he heard a kitten meowing.
Baca lebih lajut »
Phoenix Suns honor small-town basketball coachThe Phoenix Suns recognized Mayer High School girls basketball coach Nick Colquitt with the Spirit of Cotton Award. MORE ⬇️
Baca lebih lajut »
Phoenix leaders calling for more federal aid during 'extreme heat'Friday morning, Phoenix Mayor Kate Gallego and Arizona Representative Ruben Gallego discussed efforts to add 'extreme heat' to the list of FEMA's Disaster Declarations. MORE ⬇️
Baca lebih lajut »
I-17 hit-and-run crash in Phoenix leaves 2 pedestrians hurtTwo pedestrians were hurt in a hit-and-run collision on I-17 near Dunlap Avenue, according to the Arizona Dept. of Public Safety.
Baca lebih lajut »