By Suzanne Adams-Ockrassa | Arizona Daily Sun
Arrowhead Village residents finally got to hear what kind of compensation Landmark Properties planned to offer them for their homes at a public meeting Monday night and they had plenty of questions.
Landmark Properties wants to build a 191-unit apartment complex with 650 beds designed to attract college students. In order to build the project, Landmark needs to rezone the parcel of land on which Arrowhead Village trailer park sits. The trailer park’s residents will also have to relocate. Many of them do not have the funds to relocate and their trailers are too old to move legally.
Monday night, residents were told that Landmark is offering a minimum of $7,850 in relocation assistance for renters and a minimum of $10,263 for homeowners.
Landmark spokesman Joe Villasenor told the crowd of about 120 people that most residents would get much more than that.
