[kaneui]

Flagstaff 2009 Review & 2010 Outlook


The economic downturn and the lack of available financing has slowed the number of projects either proposed, under construction, or scheduled for completion, resulting in a rather quiet development scene for both this year and 2010:

2009
The only major projects completed in 2009 were the Courtyard by Marriott Hotel ($23M), the Easton Collections Center at the Museum of Northern Arizona ($7M), and additional retail at Aspen Place at the Sawmill ($6.4M).


2010
The coming year will see continued work on the large NAU Health and Learning Center ($106M), as well as the start of construction on the following:

- Catholic campus on McMillan Mesa ($24M - 2012 completion)

- NAU Native American Cultural Center ($6M)

- Walmart Supercenter near 4th St. and Huntington Dr.


If final approvals and financing are secured, ground could be broken on the Arizona Snowbowl expansion and snowmaking project ($13M), as well as a privately-financed, 560-bed dorm at NAU ($40M). Two larger projects slated for completion in 2010 include the NAU Distance Learning Center ($11M - first quarter) and the Lumberyard Brewing Co. on S. San Francisco St. ($3M - first quarter).