Tag Archives: Payson

Payson Arizona Voters Want More Businesses and More Jobs.

Attracting more businesses that bring more jobs is apparently what residents of Payson Arizona want based on last weeks election results.Town of payson arizona

 

Despite Payson having seen a significant increase in new business licenses in the past year,  mayoral challenger Randy Roberson had launched a tenacious attack on the incumbent’s economic development efforts. His criticism even included the effort to keep

one of Payson’s only manufacturing firms,ATAC, LLC, from leaving Payson.

 

Interestingly, Jim Antich, founder and managing member of  ATAC,LLC, demonstrated his support for the mayor where he wrote recently in the Payson Roundup –  Wow, I guess “The Voice of Rim Country” i.e. Roberson, Lockhart and Brown’s idea of new economic development for Payson would be an additional title loan and check cashing business or possibly a new “medical” marijuana distribution business on Highway 87 instead of sustainable manufacturing careers … go figure.

 

Payson, please vote for Mayor Evans, Ed Blair, Fred Carpenter and Su Connell; help us ensure our future remains in the Rim Country.

 

The employees of ATAC and their families want to graciously thank Mayor Evans. Without Mayor Evans’ endless compassion, his selfless dedication, his visionary leadership and his worldwide political relationships, ATAC would have gone the way of Ruger 27 years before and bypassed Payson.ambitious plans to support future development by expanding the town’s water supply, and even Evans’ hands-on efforts to recruit new businesses.”

 

Mayor Evan has said work on the water supply and job producing businesses like a university and the industrial park have laid a strong foundation for Payson’s growth to a diverse population of 40,000. He has also said that he has generally worked 60 hours a week or more during his whole tenure as mayor to lay that groundwork.

In addition to the efforts to keep the expanding ATAC. LLC from leaving Payson, a number of new business have opened in Payson for example, just within the past few weeks we have seen the opening of Scrubs And More Boutique, House of Color, Pirate Cove and Native Grill & Wings to name a few.

 

Well the people of Payson have spoken and apparently they want more businesses and more jobs to continue to open in Payson, mayor Evans collected 55 percent of the votes cast compared to 45 percent for Roberson.

Payson council incumbents Fred Carpenter and Su Connell both received enough votes to avoid a November runoff.


If you too are considering opening or relocating a business to Payson, let me know how I can help you with your commercial real estate needs.

 









 

The views and opinions expressed in this commentary are those of Richard D Chapin, PLLC as of the date of publication and are subject to change, and do not necessarily reflect the views of Arizona Elite Commercial and/or its affiliates.

 

 

This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always seek legal and/or tax advice to obtain further information you deem necessary. I want you to be prepared.

 

“Superfund site” in Payson, cleaned up according to The Arizona Department of Environmental Quality

The Arizona “Superfund site” in Payson, cleaned up according to officials at The Arizona Department of Environmental Quality Department of Environmental Quality (ADEQ), they have removed toxic dry cleaning chemicals that contaminated the groundwater at Cherry and Tonto well sites.

Officials believe, back in the 1980’s, Grand Way Cleaners, in the Bonanza Square shopping center, released chemicals into the sewer system between 1984 and 1988, releasing toxic sludge into the sewer system, contaminating the drinking water to dangerously high levels.Bonanza Plaza in Payson AZ

 

In 2000, the ADEQ added to the registry the Payson site, bounded by West McKamey Street to the north, South Colcord Road to the east, South Meadow Street to the west and West Frontier Street to the south.

 

In 2000, the ADEQ began a comprehensive groundwater monitoring program and tested additional wells in the area. Since 2006, the concentration of contaminants has remained low.

 

The Payson Roundup recently reported that the Arizona Department of Environmental Quality announced it had completed cleanup work, at the “superfund site”, four years ahead of schedule, according to ADEQ, original estimates.

Let me know how I can help you with your commercial real estate needs.

 









 

The views and opinions expressed in this commentary are those of Richard D Chapin, PLLC as of the date of publication and are subject to change, and do not necessarily reflect the views of Arizona Elite Commercial Properties and/or its affiliates.

This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always seek legal and/or tax advice to obtain further information you deem necessary. I want you to be prepared.

 

The Economic Recovery in Payson and It’s Impact on Tenants.

How Payson’s economic recovery will impact commercial real estate tenants.

As the town of Payson, state of Arizona and our nation pull out of the great recession and experience economic recovery, The era of retail tenants ruling the leasing market appears to have passed according to many retail real estate brokers.

Nationally it is certainly become a landlord’s market, concessions are definitely down this year and when it comes to renewals, more retailers are moving away from the trend over the past few years of signing for the short-term only (three to five years) and are more likely to renew for seven to 10 years, which is more in line with historical norms.

While there is currently ample inventory of retail space in Payson, we have to wonder how long that inventory will last since retail construction has been extremely little in the past few years.

Sales tax, Payson’s most important revenue source jumped about 15 percent compared to the same period last year, which outperformed the Arizona statewide figure of Sales taxes collected statewide and shared based on population rose 6 percent for the fiscal year.

As I have mentioned in previous post, Payson is making progress in becoming a destination point rather than just a pass-through area on the way to the cooler temperatures of the rim country, as it has been in years past.

Local businesses have for years longed for events within the town of Payson that would bring in tourism dollars from outside the area.

Success is evident, as a breakdown of the Payson sales tax figures by category showed hotel bookings showed a strong gain up 77 percent over the same period last year. Most other categories showed modest gains.

I think we all understand what will happen if these increases continue and commercial inventory continues to shrink. What none of us know is exactly when.

Let me know how I can help you with your commercial properties.









This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.

 

Payson Planning and Zoning Commission Oks Propane Storage Business near Payson Airport.

 Planning and Zoning Commission approved a conditional use permit, allowing Griffin’s Propane to go ahead with plans to seek approval to build near the Payson airport.

The Payson Planning and Zoning Commission approved a conditional use permit on Commercial land near Payson AirportMonday nights meeting, allowing Griffin’s Propane to go ahead with plans to seek approval to build a storage facility and sales office near the Payson airport.

A citizens participation meeting had been announced to area residents and held at the Payson Public Library on September 4 2013, enabling residents to voice any concerns if they had any.

The Payson Planning and Zoning Commission approved CUP13-004 in the M-1 zoning district subject to the 7 conditions recommended by staff.

The motion was approved by all six members who were present, Dan Jaeger was not present.

I have to concur with chairman Loyd to commented after the vote, paraphrasing, that is is good to see new businesses move into Payson. I wish Griffin’s Propane business much success in Payson.

Let me know how I can help you find the commercial property you need for your business.









This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.

 

The Corner on the Most Heavily Trafficked Intersection in Payson is No Longer Available.

The commercial property at the busy intersection in Payson is no longer available.

The tearing down a long-vacant restaurant at the busy intersection of Highways 87 and 260 to make way for a Carl’s Jr. restaurant in Payson.

Earlier this week, crews started tearing down a long-vacant former Chinese restaurant, that has sat empty for the better part of the last decade.

I noticed the other day, on the Payson Roundup’s Facebook Page, many people expressed disappointment, that the most prominent piece of commercial property in Payson will host a fast food joint and not a sit-down family restaurant.

While several expressed they had wished a Panda Express moving to town, undoubtedly, I think most everyone would agree, anything is better than an old abandoned commercial property.

Carl’s Jr is a fine establishment and I have now doubt they will find much success in the Rim Country and I am sure the people of Payson will welcome them with open arms.

Let me know how I can help you with your commercial property needs.

 









This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.

 

Retail Property Lease Rates in Payson Remain Flat – For Now!

 But as the retail inventory in Payson is absorbed, how long will the retail lease rate remain low?

The asking rental lease rates for retail property in Payson remained flat in the last quarterPayson Arizona in the Rim Country of Arizona (Mogollon Rim) and increased less than 1 % from the a year ago at $13.51 on average. By comparison the average asking rental lease rates for retail property in the greater Phoenix-area dropped to $14.23 on average in the last quarter.

One has to wonder how long we can expect these rental rates to remain flat as more businesses are attracted to opening up locations or relocate a business to Payson, as Payson grows from a struggling tourist town of 15,000 to a diverse college town of 40,000.

The proposed town’s General Plan revision anticipates major new projects in the four growth areas that will mingle commercial and residential and provide a setting for new industries to start up or relocate to Payson, providing year-round jobs.

Much of the new development is planned along the highway, around the proposed campus and in the planned industrial and high-density residential areas around the Payson Airport.

As Payson grows from 15,000 to a 40,000 college town, there will be a significant increase in the demand for additional retail.

How long will the retail rental rate remain low as the inventory is absorbed?









This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.

 

Planned University in Payson Clears Another Hurdle This Week.

A university in Payson is one step closer to reality, as another hurdle is cleared.

Neil Bosworth, Tonto National Forest Supervisor, signed off on the environmental Payson Arizona near Mogollon rimassessment for the sale of 253 acres to build a university in Payson, this week.

While consultants found no problems with endangered species or other hot-button issues, they did find suspected pottery shards in 11 locations and signs of an encampment in one of those locations. No evidence of a major village or site was found. The most significant potential site sits on a ridge near a cluster of boulders where the backers didn’t plan to build anything

Federal rules relating to historical sites prompted the Forest Service to insist on more study and a commitment to preserve any artifacts unearthed. The Alliance is putting up a $500,000 bond to guarantee completion of the archaeological work no matter what the consultants find and no matter what happens to the overall university plan.

It was reported in the Payson Round Up that sources close to the negotiations say ASU and Alliance representatives have had recent discussions, but not yet reopened formal negotiations.

Bosworth’s signature this week, guarantees the Alliance will get the land and satisfies one of the key conditions ASU set before committing to partner with the Alliance to build and operate a 6,000-student university in Payson.

Studies of the economic impact of the planned university in Payson, suggest that the campus alone will inject $100 million to $150 million into the local economy annually, much of the impact being in the normally slow winter months that are absent the summer tourism boost from the valley residents escaping the heat of the valley to the south.

The project will also include a 500-room conference hotel, industrial research parks, an innovation center to convert research into products, an upgrade in Internet capacity that will make the entire town a Wi-Fi hot spot.

Let me know how I can help you with your commercial property needs!









This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.

 

Payson Strives to Become a Destination Point.

A welcome boost in revenue for local businesses as well as sales tax revenue for the city of Payson.

While it has a long way to go, Payson is making progress in becoming a destination point Payson Arizona near Mogollon rimrather than just a pass-through area on the way to the cooler temperatures of the rim country, as it has been in years past.

Local businesses have for years longed for events within the town of Payson that would bring in tourism dollars from outside the area.

I have seen these events increase in number over the past several years, which have indeed helped the local businesses.

One of the activity centers is the Event Center in Payson. The Event Center hosts the rodeo, weekly horse riding activities and the occasional festival and special events like the Mountain High Games. However, the facility remains under-utilized, due in part to the lack of amenities and a roof, which limits use (many of us have experienced being caught in the stands when a monsoon storm hits).

The town has over the years promoted several major plans to improve the Event Center, most of which involve putting up a roof so that the facility could host year-round events like trade shows, which would of course benefit local business by filling local hotels and restaurants with event participants.

One would hope that those plans would move forward now that the plan to build a 6,000-student university, a 500-room hotel, a incubation center, a solar chip assembly plant, a research park and dorms in Payson, which will have a huge economic impact in the Payson area, seem to be moving forward.

Let me know how I can help you with your commercial property needs!









This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.

 

University in Payson Arizona Update

A university in Payson, would not only become a major source for employment, but with most of the students will coming from outside the immediate area the commercial market, including multi-family, should benefit as well.

This plan to build a 6,000-student university, a 500-room hotel, a incubation center, aPayson Arizona near Mogollon rim solar chip assembly plant, a research park and dorms in Payson will impact the the entire region, not the least of which will have a huge impact on commercial property in the Payson area.

 

Tonto National Forest Supervisor Neil Bosworth said last Thursday, “That Tonto National Forest has settled nearly all of the remaining questions to sell 253 acres for a university campus in Payson and expects to transfer title to the Rim Country Educational Alliance by January.”

 

Concluding the land sale guarantees the project will go forward. While Arizona State University remains the preferred partner, the Alliance and ASU have to revisit the terms they mostly agreed on late last year, if those talks once again falter, five other universities have expressed interest in operating a campus in Payson.

 

Payson Mayor Kenny Evans, “predicted construction on the site will start early next year and the first 600 students will enroll in 2015, starting with 600 students in 2015 and building up to 6,000 students in the course of the next decade”, he went on to say, “the gradual buildup will provide time for Payson to develop a workforce that could support such a major, year-round business. The university would have more than twice as many students as the Payson School District, which is currently the biggest employer in town.”

 

The university campus would likely offer six undergraduate degrees, Two will focus on degrees, like forest management, solar energy. Two will involve education. Two will involve more general education.

 

The university site should give the opportunity to have 4,000 students living on campus, with the remaining 2,000 students at university build-out living in the community. With an expected 90 percent of the students will coming from outside the immediate area the multifamily commercial market should benefit as well.

 

This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.

 

What a University in Payson means to the Community

This plan to build a 6,000-student university in Payson, a 500-room hotel, a incubation center, aPayson Arizona in the Rim Country of Arizona (Mogollon Rim) solar chip assembly plant, a research park and dorms in this cool mountain town of 15,000 will be huge for Payson, Star Valley as well as the rest of the Rim Country.

 

The Rim Country Educational Alliance, an Entity set up by the towns of Payson and Star Valley, is purchasing the 260 acre site from the Forest Service. The Alliance will actually build the campus and own the facilities and then lease the facilities to the university and to other related businesses. The plan calls for tuition 30 to 50 percent lower than the three existing public universities in the state, ensuring a ready supply of students.

 

The Alliance plans to build a creative, state-of-the-art campus that will turn the whole town into a high-speed, wireless Internet site. The campus will offer key areas of study will include nursing, business, rural health care, forest health, alternative energy, education and fire science.

 

In terms of environmental concerns. The campus design firm will create a forested campus designed for walking and biking. The designers will match the layout to the purpose of the campus, and create a sense of community blended with nature.

 

Additionally, plans call for the campus to rely on solar and geothermal power, advanced energy-efficient design and materials that will make the campus itself a sustainability showcase.

 

Ultimately the project will inject $150 million annually into the economy and transform the amenities, demographics and housing market of a rural town long dependent on summer tourism and second-home owners.

 

This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.