Is the Ecomomy picking up in Cave Creek Arizona?

Reports by the Town Manager Usama Abujarah is that the sale tax revenues are up for last quarter of 2011. The town had a 18% increase in the sales tax revenue of the same period of 2010. Part of the increase might be from the opening of the brand new Wal-Mart store at the corner of Cave Creek Rd and Carefree Hwy. The store did open Oct. 5^th, and that will have helped, but revenues were up by 28% in Cave Creeks restaurants.

During the second half of last year Cave Creek received about $2 million as compared to $1.7 million in 2010. That included a roughly 75 % increase in retail trade. The town of Cave Creek also has modest gains in the construction and Real Estate.

With $1.1 million of debt left on the Spur Cross Ranch Conversation Area, the town of Cave Creek has planned to pay it off this year by June.

So the Town of Cave Creek is looking to improve on a financial note for 2012!