I fought hard for SkySong, the ASU Scottsdale Innovation Center which is positioning Scottsdale and ASU as global leaders in the knowledge economy. SkySong has already secured technology businesses from the United States, China, Singapore, Turkey, and Mexico and is effectively putting southern Scottsdale on the global map. Its positive impact can be seen in the unprecedented $650 million in new and planned investments along the McDowell Rd. corridor.
For 10 straight years I have voted to reduce Scottsdale's property tax rate. Over the past decade the rate has dropped from $1.57 to $.79. Our tax rate, today, is less than half of neighboring Phoenix's tax rate. That's being fiscally conservative. Another indicator of our fiscal strength is Scottsdale's bond rating. During my tenure as Mayor, Scottsdale has been awarded AAA bond ratings from all three major bond-rating agencies. We are one of only a handful of cities in the country with this achievement. Jobs are also a sign of economic vitality and in Scottsdale we have created over 20,000 new high quality jobs for our residents.
We have also continued to invest wisely in our youth and our families through a variety of partnerships with human service partner agencies and school districts. General Colin Powell's America's Promise program has selected the City of Scottsdale, for two consecutive years, as one of the "100 Best Communities for Young People." This is a well deserved honor. We continue to expand and improve our very popular and essential Senior Center programs and facilities.
To reduce accidents and save lives on a dangerous stretch of the 101 freeway through our city, we boldly became the first city in America to establish photo enforcement on a freeway. Due to the program's success in lowering speeds and reducing accidents, the State of AZ is expanding it to other communities. In 2005 Scottsdale also became the first city in America to require all new municipal buildings to meet Green Building LEED Gold level certification. As the 2007 recipient of the "Mayor's Award for Energy Leadership" from the U.S. Energy Association in Washington D.C., I am committed to expanding our efforts and taking additional innovative steps in this critical area. Our commitment to