ASU looks to develop hotel, conference center

A 37,645-square foot space was leased out to AMC, and the business says it has plans to renovate the existing movie theater right off Mill Avenue and University Drive this fall.

By Anne Ryman and Jeff Metcalfe | The Arizona Republic

Arizona State University officials plan to start negotiating with a private developer for a mixed-use development that includes a hotel and conference center on the Tempe campus after getting the go-ahead Thursday from the Arizona Board of Regents.

As part of the development, USA Basketball, the national governing body responsible for choosing U.S. Olympic teams, plans to relocate to Tempe, multiple sources told azcentral sports this week.

The board gave ASU approval to negotiate leasing land to a private corporation, USA Place LLC, for a hotel and conference center at the southeastern corner of Mill Avenue and University Drive. Morgan Olsen, ASU’s executive vice president and chief financial officer, said formal talks will begin as soon as possible.

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June 21, 2013

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ASU looks to develop hotel, conference center

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