Tempe Town Lake land sale to boast 8-year tax incentive

By Dianna M. Náñez | The Arizona Republic

Tempe is working on a deal to offer an eight-year property-tax incentive to lure a developer to buy and build on prime city-owned land at Town Lake.

The developer, TrendEx Holdings LLC, would purchase about 11 acres on the southern bank of Town Lake for an estimated $17.6 million. That is about $35.74 per square foot, according to Tempe public records linked to the sale.

The proposed mixed-use development would include apartments, condos, office and retail space.

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September 30, 2014

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