It’s an exciting time for new development, and communities across the American Southwest are experiencing a lot of positive changes and improvements when it comes to housing, businesses, retail, dining, entertainment and green space. Here in Peoria, there are a lot of exciting changes happening that have the potential to leave a lasting positive impact on the region. Understanding these changes is important for HOAs, since they have the potential to affect the housing market and residential neighborhoods. Read on for more information from our HOA consultants in Peoria, AZ!
Infrastructure in the West Valley
One of the most important aspects of development is infrastructure construction and improvement. The Northern Parkway is a significant infrastructure project that was designed to alleviate congestion and improve access for commuters in the West Valley. The project is ongoing, but work stalled in 2013 due to changes demanded by the Great Recession. The growth that was expected in the West Valley did not keep pace with expectations because of the decline in the market and the subsequent reduction in the number of people moving to the West Valley.
Work on the second phase of the Northern Parkway started in January of 2019. Revised plans for the roadway are based on updated projections and growth expectations informed by recent market factors and economic patterns. Completion of the Parkway is anticipated in 2025, but this is subject to change depending on various factors.
Other big changes coming to the West Valley include sweeping improvements to various public services and spaces. With an increase in property values and community growth, Peoria and other local communities are experiencing budget growth that they plan to invest in improving existing programs and projects. West Valley cities are increasing their investment in police and fire departments to improve safety and shorten emergency response times for residents.
Another improvement is the construction of a community park in Peoria. The first phase of the park is expected to open in 2020 and will feature 85 acres of sports fields, walking trails, water features, playgrounds and dog parks. In Glendale, construction is underway on the Heroes Regional Park Library, which will provide an extensive selection of books for kids, teens and adults. All of these new projects are designed to accommodate the growth of the West Valley population and the influx of residents to the region. These services will benefit renters and property owners alike.
Work with an HOA management service in Peoria, AZ
It’s an exciting time to be a Peoria resident, but there is also a lot of pressure on HOAs to keep up with rapid changes. At Tru-Star Management Solutions, LLC, we know how challenging it can be to manage every aspect of HOA operation, and that’s why our team is here to help. We are an experienced HOA management service in Peoria, AZ with a proven track record of success. You can find out more about all of the services that we offer and request a complimentary consultation by reaching out to our team of HOA consultants in Peoria, AZ today.