Following the failure of several projects, including the $300 million Legacy Sports Park, Arizona Governor Katie Hobbs is implementing new guidelines for projects bonded under the Arizona Industrial Development Authority (AIDA). The Auditor General’s report criticized AIDA for lax oversight in funding and fee payments, with the failed projects representing approximately 4% of AIDA’s portfolio. Under the new guidelines, AIDA will be required to prepare background information, financial history, and a project business plan for potential developers before Governor Hobbs signs off on the projects.