Tempe Union officials ponder going into the real estate business

*Kyrene Road and the Loop 202 Santan Freeway./Google Maps*

By Paul Maryniak | East Valley Tribune

Tempe Union High School District would enter a long-term arrangement with one or more developers under three options being considered for getting revenue from vacant land it owns in Chandler.

The options came under review by governing board members at a recent meeting as they pondered the sale of a 49-acre parcel at Kyrene Road and the Loop 202 Santan Freeway.

No decision has yet been made on what to do with the site, which the district bought in 1994 for a high school that ultimately wasn’t built.

The Chandler parcel is one of two district-owned sites that Tempe Union officials are reviewing for generating millions of dollars in revenue.

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May 1, 2017

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