[Source: The Arizona Daily Star] – The University of Arizona has broken ground on infrastructure for its planned Bioscience Park on the south side, but what development comes next, or when it comes, remains unclear and potentially years away.
The infill project at South Kino Parkway and East 36th Street has no commitments yet from any tech companies. Meanwhile, planned residential and retail projects related to the bio park have stalled in the downturn, as well. And Bruce Wright, the UA’s associate vice president of economic development, said the bio park’s planning and development horizon is 15 to 20 years out.
Still, officials held a groundbreaking ceremony Friday to celebrate the start of basic infrastructure improvements to the bio park’s 54-acre site, which is part of a larger 350-acre residential and commercial project called The Bridges. Through a $4.7 million grant from the federal Economic Development Administration, construction has started for some roads, utilities and landscaping on the bio park’s portion of the project.
For more information: Despite no commitments, UA bio park kicks into gear