The South Arizona Avenue Entry Corridor Study is prompted by a Mayor and Council goal for redeveloping the section of Arizona Avenue from Pecos Road to Boston Street as a new entryway to downtown from the Santan/Loop 202 Freeway. The plan was created with extensive neighborhood participation,which included six neighborhood meetings and individual meetings with property owners.The comprehensive approach to this study can be broken down into four primary areas: Land Use,Traffic Circulation, Conceptual Design Standards, and Neighborhood Planning.

Construction of a habitat restoration project in the Salt River will begin in the spring of 2000 which will transform the riverbed to provide a variety of amenities including recreation opportunities, improved flood management, riparian vegetation and wildlife habitat. The Beyond the Tanks area surrounds the Rio Salado project and is bounded by I-17 to the north, 32nd Street to the east, Broadway Road to the south and 19th Avenue to the west. The committee has adopted the name "Village at Rio Salado" for this area but will be referred to as "Beyond the Banks" in this report.

Housing plays a major role in the United States and Arizona economies. It is estimated that the housing industry accounts for one-fifth of our nation’s Gross Domestic Product. Despite the economic importance of housing, Arizona did not have a comprehensive approach or strategy for dealing with housing policy issues. In 1994, a Housing Summit addressed increasing concerns about the cost of housing. Participants from across the state met to discuss growing housing needs. A major outcome of the summit was the formation of the Affordable Housing Task Force, designed to review the state’s housing market and suggest ways the state could address housing affordability. Its principal recommendation was the creation of a permanent body that would focus attention on workable housing solutions. The Arizona Housing Commission was created by Executive Order in 1996 to serve as an advisory body to the Governor, the Legislature and the Arizona Department of Commerce, which is the primary agency currently responsible for housing programs. In 1997, the passage of House Bill 2011 formally established the Commission in statute.

The Arizona Department of Transportation was authorized in 1996 to administer a State Infrastructure Bank under a cooperative agreement with the Federal Highway Administration. The Highway Expansion and Extension Loan Program (HELP) was established. The financial statements present only the funds comprising the Fund and are not intended to present fairly the financial position or results of operations of the Department.

The HELP program is meant to be a funding tool to accelerate needed highway projects throughout the state. Board Funding Obligations are an important part of the HELP capitalization and the current stress on the State's General Fund has impacted our ability to use BFOs as a funding source for new loans. Though $140 million of BFOs are authorized by statute to capitalize the HELP, the State Treasurer was required to call all outstanding BFOs in April 2009. Consequently, the State Transportation Board and the Department have suspended the HELP program given the uncertainty of a long term funding source.