Surprise Real Estate

    Surprise is a city in Maricopa County, Arizona, USA. The population was 30,848 at the 2000 census; however, rapid growth has boosted the city’s population to 117,517 at the 2010 census, an increase of 281%. As such, it is the second fastest-growing municipality in the greater Phoenix metropolitan area (after Gilbert) and, between 1990 and 2000, it was the sixth fastest-growing place among all cities and towns in Arizona.

    In February 2007, the Surprise City Council unanimously approved an infrastructure reimbursement agreement with Westcor, facilitating construction of the largest regional mall in Arizona, Prasada. The agreement calls for Westcor to bear the cost of construction and installation of up to $240 million in infrastructure at the Prasada site, along SR303 in Surprise.

    The city will assume ownership of the infrastructure and reimburse Westcor for the cost by rebating sales taxes generated by Prasada itself. At full build out, the city expects to realize $60 million per year in sales taxes and projects that Prasada will create more than 20,000 jobs for local residents.

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