The Maricopa County South Court Tower, with construction managed by Gilbane Building Company in association with Ryan Companies, has won the 2011 Best of NAIOP Economic Project of the Year
Phoenix, AZ – June 1, 2012 –The Maricopa County South Court Tower (MCDCT) team, comprising of Gilbane Building Company in association with Ryan Companies, has won the 2011 Best of NAIOP Economic Project of the Year. The Best of NAIOP awards recognize the outstanding industrial or office economic project that had the most significant impact on the city’s economy. Over the life of the project, the estimated local payroll benefit was $110 million in taxable income.
In addition to local businesses benefiting, the vast majority of the Maricopa County South Court Tower was completed using Arizona businesses and Arizona workers. Materials were purchased in Arizona whenever possible. For example, Arizona firms Schuff Steel provided the steel and fabrication, Coreslab provided the precast fascade, etc.
Due to infrastructure improvements and a land exchange between the City and the County, hundreds of thousands of dollars of annual deferred maintenance were omitted. The project created over 1,600 jobs; 1,200 in the construction trades, 300 in professional, and 100 service jobs in such things as printing, delivering, and other areas.
“This Economic Impact Project of the Year Award is proof of the wisdom of the Maricopa County Board of Supervisors and Department of Public Works. Together with a broader team of users, they drove this project to reality at the perfect time for both the County and the construction community,” said Todd McMillen, Gilbane project executive.
“This project was a major economic engine for construction in the greater Phoenix area for over three years. Not only did it provide for a consistent source of income for many workers and their families, but because the project was paid for in cash, it also saved the citizens of Maricopa County nearly $200 million in financing charges that will never need to be collected in higher taxes.” Steve Jordan, Ryan Director of Construction Services added.