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.