Auction today for Phoenix parcel eyed as part of billion dollar biotech corridor

auction

By auctionAngela Gonzales | Senior Reporter-Phoenix Business Journal

The Arizona State Land Department is holding a public auction for a 23.87-acre parcel near Mayo Clinic Hospital in Phoenix today.

Arizona State University has its eye on that land, with plans to build a health education and bioscience research campus. The Arizona Board of Regents – which operates ASU and its other sister schools, University of Arizona in Tucson and Northern Arizona University in Flagstaff – has filed a 99-year lease application with the state land department on ASU’s behalf.

The minimum bid is $7.25 million.

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