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South Bank development breaks ground, an article from The Arizona Republic, reports that South Bank will be a 3.6 million-square-foot mix of restaurants, retail, hotels, business and residential development worth about $1 billion.  Tempe Mayor Hugh Hallman said, "Finally we have this project going.  It will add residential opportunities and jobs for people in restaurants and hotels; but perhaps more importantly, no raw desert on the edge of the Valley will be destroyed for houses and offices.  It's urban infill and one of the most sustainable projects we have in Tempe."  According to Peter Wolff, co-president of the Wolff Company, an immense amount of construction work needs to be done on the 27 acres and  it's likely that it will be at least four years before the project is done.
http://www.azcentral.com/community/tempe/articles/2008/04/24/20080424tr-southbank0424.html
 
How to cultivate a 'green mortgage', an article from MSNBC.com, reports that applying for a home loan also offers a chance to improve the environment.  According to Brian Berg, vice president for corporate communications at ShoreBank in Chicago, consumers can save up to 45% off their monthly utility bills with an investment of just a few thousand dollars.  Joel Freehling, Shorebank's manager said, "This is why when someone comes to us for a mortgage or home improvement loan, we talk to them about how adding a ‘green’ element to their request might make more financial sense over the long run."  The major difference between a "green" loan vs. a conventional one from a borrower’s perspective is that it requires an extra step with an energy audit.  The audit may cost a few hundred dollars and could delay processing by a few days.  However, the audit’s cost can be rolled into the loan.  Also, green homes are eligible for rebates, tax breaks and cash incentives as many states, municipalities, manufacturers, utilities and even banks chip in to make financing a greener home more attractive and affordable.
http://www.msnbc.msn.com/id/24203028/
 
Additional articles that you may find of interest:
 
 
 
 
 
U.S. Bank Home Mortgage moves to larger facility
http://www.eastvalleytribune.com/story/114708
 
Group seeks incorporation for Santan area again
http://www.eastvalleytribune.com/story/114737
 
Snag could doom Eloy rock ’n roll park plans
http://www.eastvalleytribune.com/story/114750
 
 
Bush hails early delivery of stimulus checks
http://www.msnbc.msn.com/id/24308472/