![]() ![]() Visit the SBFAP program website to apply.įor more information on the Valley Metro light rail project click here. The program administrator, Prestamos CDFI LLC, is now accepting applications for the program. ![]() Have annual revenue of no more than $500,000.Own a business directly on the construction route.Valley Metro said there are two tiers of assistance - anywhere from $3,000 to $9,000. The city is offering financial assistance to small businesses if construction of the light rail impacts them. There are still restaurants that sit along the I-17 corridor and businesses near the old Metrocenter Mall. Officials with the City of Phoenix sharing renderings with ABC15 of what the stop will look like.ĪBC15 is told that city officials are talking with potential developers to see what could be next for the Metrocenter lot but as of now there likely won’t be any updates until the end of this year, or early 2022. Metrocenter Mall sits nearly empty now with a Dillard’s store that is still open - and the parking lot issued for a COVID-19 testing location.Ĭonstruction of the light rail is now seen from I-17 with large structures going up that will be apart of the elevated station. "Despite our best efforts to bring value back to the mall, complete maintenance projects, and increase foot traffic, the drop in our occupancy levels due to the COVID-19 pandemic can no longer sustain the operation of this large property," the letter states. Last year, ABC15 obtained a copy of the letter that was sent to some of the mall’s tenant’s announcing the closure. Metrocenter Mall closed after 47 years in business at the end of June 2020. opened on March 19, 2016,” according to Valley Metro’s website. “In 2007, the route was divided into two phases. The project is nearly two decades in the making as the Phoenix City Council approved the Northwest Extension in 2004. Light rail makes the unique offerings of Phoenix, Tempe and Mesa more accessible to others, attracting new customers, businesses and jobs to the area,” the project page states. Light rail has proven to generate economic prosperity for communities along the light rail route in metro Phoenix. Before the COVID-19 pandemic, more than 50,000 riders rode on Valley Metro light rail trains each day. “The project also includes new stations, including the system’s first elevated station, and public art. The extension is known as the Northwest Extension Phase II project that will create the first elevated platform for the light rail.Īccording to Valley Metro, “this project will connect the Valley’s light rail system from 19th and Dunlap avenues and extend it 1.6 miles to the former Metrocenter Mall.” PHOENIX - An extension of the light rail through Phoenix is starting to take shape at the old Metrocenter mall parking lot off Interstate 17 and Dunlap. ![]()
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