Filed under: Arizona, Arizona State University, Arts and Entertainment, ASU, City of Phoenix, City of Phoenix News, City of Scottsdale, City of Tempe, City of Tempe News, Community and Economic Development, Economic Development, Entertainment, Events, Maricopa County, Maricopa County News, Museum, Phoenix, Phoenix Arizona, Scottsdale, State of Arizona, Tempe, US - AZ (Phoenix) | Tags: Chase Field, Fiesta Bowl, Football, Fun, Hotels, Insight Bowl, Phoenix Hotels, Sun Devil Stadium
SCOTTSDALE RESORTS WILL CONTINUE HOSTING COLLEGE BOWL TEAMS
A long-term agreement to host college national championship, Fiesta Bowl and Insight Bowl teams at Scottsdale area resorts – and continue drawing their fans to Scottsdale – was approved by the Scottsdale City Council this week.
The agreement also paves the way for a new Fiesta Bowl Museum at the Scottsdale Waterfront, where the Fiesta Bowl will soon open its new headquarters.
The 20-year agreement aims to preserve a long-standing relationship between Scottsdale and the Fiesta Bowl while the organization makes significant changes beginning in 2007. Next year, the Fiesta Bowl moves from Sun Devil Stadium in Tempe to the new Cardinals Stadium in Glendale. Next year also marks the first time the Fiesta Bowl hosts a new Bowl Championship Series National Championship Game, which will be played at the Glendale stadium every four years. Meanwhile, the Insight Bowl will move from Chase Field in Phoenix to Sun Devil Stadium.
Fiesta Bowl teams have stayed in Scottsdale resorts and practiced in the area for more than two decades.
The agreement relies on hotel room tax revenue to fund yearly payments to the Fiesta Bowl. The agreement calls for a one-time payment of $500,000 to the organization in 2007. Annual payments begin at $210,000, and include a second, identical payment when a BCS college championship comes to the Valley.
Altogether, the Fiesta Bowl would receive more than $8.2 million over 20 years.
In return, Scottsdale will continue to receive a substantial portion of the regional economic impact associated with the bowl games. Between 2001 and 2006, the estimated regional impact ranged from $165 million to $228 million annually. The city’s Economic Vitality Department estimates the direct return in taxes to the city over the 20-year period will range from $12 million to $15 million.
For more information on Scottsdale visit:
http://www.scottsdaleaz.gov/news/2006/August/08-28-06.asp
Filed under: City of Phoenix News, Downtown Development, Downtown Phoenix, Economic Development, Phoenix, Phoenix Arizona, US - AZ (Phoenix) | Tags: Hotels, Phoenix Hotels
City of Phoenix and Perini Building Company Reach First Major Construction Milestone on Sheraton Phoenix Downtown Hotel
The city of Phoenix and Perini Building Company reached a significant construction milestone over the weekend when Perini poured 6,000-cubic-yards of concrete to complete the foundation for the 1,000-room Sheraton Phoenix Downtown Hotel.
The foundation pour started at 10 p.m., Friday, Aug. 18 and lasted 12 hours. The event demanded 120 concrete trucks aligned in perfect formation, four concrete pumps and enough crew on hand to place 800 yards of concrete per hour. The hotel’s foundation is 310 feet long, 70 feet wide and seven feet thick. The foundation sits 30 feet below street level.
The next phase of the construction entails forming and pouring the concrete columns for the city’s new 31-story hotel tower.
“We are on schedule to deliver the hotel on time for a Fall 2008 opening. Prior to construction, we did extensive preconstruction planning with the city and don’t anticipate any delays. The most significant challenge we face is working in an extremely tight, busy downtown location. To alleviate traffic congestion, we are working closely with city officials, and when feasible, scheduling deliveries after or before normal work hours,” said Ken Schacherbauer, vice president of field operations for Perini Building Company.
The Sheraton Phoenix Downtown Hotel, which is owned by the city of Phoenix, includes a 6,500-square-foot-fitness center and spa, an outdoor pool and sundeck and 80,000-square-feet of meeting space, including ballroom space and 28 meeting rooms. The hotel includes an underground parking garage with more than 500 spaces.
The Sheraton Phoenix Downtown Hotel is considered vital to serving the $600 million Phoenix Convention Center currently under expansion. Both projects are considered important to injecting more street and economic life into downtown, as are other planned projects that include the downtown Arizona State University campus, condominium towers and a medical school.
About Perini Building Company
Perini Building Company is headquartered in Phoenix, Arizona and maintains offices throughout the country. The company is the largest builder of hospitality projects in the nation. Other areas of construction expertise include sports and entertainment venues. In Arizona, Perini is also currently building Westgate Phase One. Other major Arizona projects built by Perini include Glendale Arena, home of the Phoenix Coyotes; Chase Field, home of the Arizona Diamondbacks; and U.S. Airways Center, home of the Phoenix Suns. In January 2005, Forbes magazine ranked Perini Corporation among the 26 best-managed companies in America. Perini Building Company is a wholly owned subsidiary of Perini Corporation, which is traded on the New York Stock Exchange. Visit: www.perini.com for more information about Perini.
Phoenix Arizona 