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Goldwater Institute, Angel’s Trumpet suing Phoenix over GPLET deal on apartment tower

Posted by   /  March 9, 2017  /  No Comments

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By Tim Gallen | Phoenix Business Journal

The Goldwater Institute and a downtown Phoenix restaurant are suing the city of Phoenix over a tax subsidy for a soon-to-be-built 19-story apartment tower near Roosevelt Row.

The Libertarian-leaning Goldwater Institute filed suit against the city on behalf of Angel’s Trumpet owners over a government property lease excise tax — GPLET — deal that allows a developer to build a 19-story apartment high-rise on a vacant lot adjacent to Angel’s Trumpet in downtown Phoenix. A GPLET allows developers to avoid paying property taxes and has been a common practice among Valley cities.

The Goldwater Institute is suing the city of Phoenix on behalf of the owners of Angel’s Trumpet Ale House over a tax subsidy for a developer of a 19-story apartment tower slated to be built directly in front of the restaurant in downtown Phoenix.

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  • Published: 9 months ago on March 9, 2017
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  • Last Modified: March 9, 2017 @ 7:42 am
  • Filed Under: Courts/Law, Real Estate

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