Ace Asphalt to Build New Headquarters at Brownfields Site
Feb. 21, 2002
Ace Asphalt of
Arizona broke ground today on a 30,000-square-foot facility for its new headquarters
on a 34-acre parcel at 3030 S. Seventh St. near the Salt River.
The company, Arizona's largest commercial paving contractor, purchased the property in 2001. The parcel had been a landfill, sand and gravel mining site and auto salvage yard. The city of Phoenix's Brownfields Land Recycling program helped Ace redevelop this blighted property into a commercially viable and aesthetically pleasing addition to the Rio Salado Project area. The city presented Tim Drexler, Ace Asphalt's president and chief executive officer, with a $56,000 brownfields grant for infrastructure improvements.
Ace Asphalt has more than doubled in size in the last four years, leaving
its existing headquarters at 895 W. Elwood St.
too small for the increasing number of employees and operations. The new facility
will be more than twice the size of the current headquarters, along with shop
space of approximately 10,000 square feet. Construction is expected to be
completed in November 2002.
The city of Phoenix considered the site a brownfield, a term used to refer to property where redevelopment is complicated by real or perceived environmental contamination. Cleanup and redevelopment of brownfields creates jobs, increases tax revenues, improves services to the community and reclaims valuable land resources in Phoenix.
"Redevelopment with jobs and new city revenues is a driving force behind brownfields development in Phoenix," said Phoenix City Councilman Michael Johnson, who represents District 8 where the property is located.
Brownfields redevelopment is one of the main focuses of President George W. Bush's environmental agenda. On Jan. 11, the President signed a $1 billion Brownfields bill that could provide additional funding to local, state and tribal governments, and additional liability protections for innocent purchasers of brownfield properties. Phoenix benefits from passage of this bill and will have the opportunity to capture funding and provide additional assistance to cleanup and redevelop environmentally contaminated property in the city.
For more information on the Brownfields Land Recycling Program, call 602-256-3452 or visit phoenix.gov/BROWNFLD/brownfld.html on the Internet.
Media Contact:
| Christiana Ferris |
602-262-6169 |
| Rosanne Sanchez |
602-256-3452 |
