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Sale of Phoenix-owned Sheraton hotel includes $97M tax break for buyer

Posted by   /  August 11, 2017  /  Real Estate  /  No Comments

downtown Sheraton

By Dustin Gardiner | The Republic As Phoenix negotiates the sale of the city-owned Sheraton hotel in downtown, a new aspect of the deal is sparking controversy: a proposed $97 million tax break for the buyer. The city already expects to take a hefty loss on the Sheraton. In July, Phoenix entered into exclusive talks to sell to TLG […]

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