The Peoria City Council has unanimously approved a $1.9 billion Capital Improvement Plan (CIP) for fiscal years 2026-2035, encompassing 266 projects aimed at enhancing the city’s infrastructure and economic growth.
Key Focus Areas
The CIP prioritizes investments in water and wastewater infrastructure, as well as the development of the Peoria Innovation Core. Notable projects include:
- CAP/LLP Intersection Wellfield Project: This initiative involves the construction of five new potable water wells and a new waterline near the Central Arizona Project Canal and Lake Pleasant Parkway.
- Zone 5E/6E Reservoir and Booster Pump Station: Designed to provide regional water storage and a booster pump station near Lake Pleasant Parkway between State Route 74 and Loop 303.
Budget Allocation
The plan allocates $572 million for fiscal year 2026, nearly three times the average annual spending, to accommodate several ongoing projects. Of this amount, $294 million is carried over from fiscal year 2025.
Community Impact
These investments aim to support Peoria’s growing population by improving essential services and fostering economic development. The Peoria Innovation Core, in particular, is expected to attract new businesses and create job opportunities, contributing to the city’s long-term prosperity.
Residents can stay informed about the progress of these projects through the city’s official channels and public meetings.