Scottsdale Commits $40 Million to Revitalize Old Town

Scottsdale Commits $40 Million to Revitalize Old Town: What It Means for Real Estate & Lifestyle

There’s a palpable buzz building in Scottsdale—and it’s not just the summer heat. City leaders have announced a $40 million investment for the revitalization of Old Town Scottsdale, and that’s big news for both lifestyle and real estate here in Arizona.

Why It Matters

The city’s plan, set for fiscal year 2025/26, is all about elevating infrastructure, boosting safety, and refining the overall experience in Old Town. Key upgrades include:

• Spruce Up Old Town: A $2 million push to refresh sidewalks, stair railings, street furniture, and key pedestrian areas like the Entertainment District and 5th Avenue shopping zone.

• Pavement & Pedestrian Enhancements: Nearly 374,000 sq. yards of streets and alleys are getting upgraded through fog-sealing, micro-sealing, and overlay treatments. Granite updates, improved signage, and new public restroom markers are in progress too.
  

• Major Capital Projects:

  • A $15.2 million expansion of the Brown Avenue parking structure, shifting the Farmers Market to a new location.

  • Another $15.2 million allocated for a parking garage in the Entertainment District.

  • A $7.9 million overhaul of Main Street—more landscaping, better lighting, revamped sidewalks.
    

• Community Connection & Events: Scottsdale is hiring an “Old Town Specialist” to act as liaison with local merchants, especially important as we approach 2026—Scottsdale’s 75th anniversary and America’s 250th. Popular events like Canal Convergence and Scottsdazzle are back, with new celebrations on the way.
  

Why This Is a Win for Real Estate

This isn’t just a facelift—it’s a game-changing infrastructure boost that amplifies Old Town’s appeal as a top destination for shopping, dining, tourism, and quality living.

What this means for property owners and buyers:

• Enhanced Walkability & Curb Appeal: Streetscapes with fresh pavement, granite, and aesthetic lighting make Old Town even more desirable to live in and visit.

• Improved Parking Accessibility: Fewer headaches getting in and out of the action area—great for residents, shoppers, and tourists alike.

• Bolstered Market Appeal: Homes in walkable, amenity-rich areas tend to retain value better—and often appreciate faster.

• Event & Lifestyle Ecosystem: From large festivals to small art walks, increased community engagement only raises lifestyle desirability (and property demand).

The Bottom Line

Scottsdale just reaffirmed that Old Town isn’t just maintaining its prestige—it’s leveling up. This $40 million reinvestment sets the stage for a revitalized district that benefits sellers, buyers, residents, and businesses.

Ready to explore what this renovation means for your home’s value—or find your place in Scottsdale’s next chapter? Let’s talk and position you for success in this upgraded neighborhood.