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April 2023

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Quintessential Newsman Trained in a News Field of Dreams Longtime Northern Arizona resident and dedicated community member Ray Newton, a career journalist and educator, is being honored by FBN with the Best of Business Ray Newton Excellence in Education Award. Ray has taught and mentored thousands of journalism students and mass communications professionals and has served as a tireless advocate for education in Arizona. See story on page 3.

Construction Underway on Babbitt Ranch Energy Center North of Flagstaff NextEra, SRP, Babbitt Ranches, Arizona State Land Department collaborating on wind power project for renewable energy future By Bonnie Stevens, FBN

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ith a passion to move the state forward with renewable energy while protecting open space, creating

jobs, boosting the Northern Arizona economy and planning for generations of Arizonans to come, NextEra Energy Resources, LLC, SRP, Babbitt Ranches and the Arizona State Land Department have announced that

construction is underway for the Babbitt Ranch Energy Center. The 161-megawatt (MW) wind project, featuring 50 wind turbines across 669 acres on the CO Bar Ranch about 25 miles north of Flagstaff, is scheduled to begin delivering clean energy to SRP customers by early 2024. “In our efforts to support the delivery of renewable energy, we acknowledge the terrific and wonderful

participation of so many businesses and government entities involved in the process to make this happen,” said Babbitt Ranches President and General Manager Billy Cordasco. “We appreciate the valuable input from the Arizona Game and Fish Department, the Arizona Department of Transportation, the Arizona State Land Department, Coconino County and Continued on page 34

Mixed-Use Elkwood Development to Include Apartments, Retail Shops, Affordable Housing

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Wexford Development’s Charlie Goode, Sam Gordon and Brandon Bettes, who was born and raised in Flagstaff, envision Elkwood as the first of several Wexford projects in this mountain town. Courtesy photo

April 2023 | Issue 4 Volume 16

By Bonnie Stevens, FBN

exford Developments (WD) and Wexford Real Estate Investors (WREI) are building Elkwood, Flagstaff’s next mixed-use, multi-family project, designed to bring 224 rental apartment units to Flagstaff. In a groundbreaking ceremony on March 28, builders and local leaders spoke about the need for housing. “We are extremely thrilled that construction is now underway on what is a highly anticipated and much needed new multi-family project for the city of Flagstaff,” said Sam Gordon, co-founder and principal of Wexford Developments. “What we noticed a couple of years ago was that Flagstaff was experiencing so much population growth, and if new housing didn’t get built, there was going to be a housing problem. That’s what led up to us finding a nice property to help solve that problem.” Gordon says Elkwood will have a lodge feel that fits with the mountain town and will include 6,000 square Continued on page 35

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April 2023 by Flagstaff Business News - Issuu