November 17, 2024 4:44 am
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Tempe OKs controversial lake plan to attract developers

The Hayden Ferry Lakeside complex, northeast of the intersection of Mill Avenue and Rio Salado Parkway in Tempe (cq), will soon get more crowded when State Farm brings 1000 employees to a massive new development east of the complex. The business and residential structures are on the south side of Tempe Town Lake / Charlie Leight/The Arizona Republic
The Hayden Ferry Lakeside complex, northeast of the intersection of Mill Avenue and Rio Salado Parkway in Tempe (cq), will soon get more crowded when State Farm brings 1000 employees to a massive new development east of the complex. The business and residential structures are on the south side of Tempe Town Lake / Charlie Leight/The Arizona Republic

By Dianna M. Náñez | The Arizona Republic

The Tempe City Council voted Tuesday to revise the city’s Town Lake financing plan to offer greater incentives for developers.

The plan was unanimously approved despite a small window for public review and little opportunity for public comment on changes that would shift millions of dollars in lake costs to taxpayers.

Early Tuesday, Tempe resident Ron Tapscott, a member of a city neighborhood association, sent Mayor Mark Mitchell and the council an e-mail pleading on behalf of taxpayers for a delay on the vote.

Continued: 

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