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International trade center plans 2018 opening in Arizona

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Posted at 10:30 PM, Sep 30, 2017
and last updated 2017-10-01 01:30:05-04

An international trade hub is scheduled to open next year in Casa Grande, Arizona, after being plagued by delays, setbacks, and a federal investigation.

The Casa Grande Dispatch reported last week that PhoenixMart, which was first announced in 2011 as a sourcing center bringing manufacturers, sellers, and buyers together for large-scale purchases, is on track to open by the end of 2018.

While construction began last year, the project has experienced several setbacks due building permit issues, canceled contracts and an FBI investigation into the parent company AZ Sourcing.

The project was originally planned to be funded through the EB-5 Immigrant Investor Program that gives residency to foreign investors under certain stipulations, but officials say they have moved away from this strategy.