Tempe considers tax incentive for developer of Monti’s site

Nick Bastian / Flickr
Nick Bastian / Flickr

By Dianna M. Náñez | The Republic | azcentral.com

On Thursday, the Tempe City Council could spark more emotions linked to the Arizona landmark when officials consider whether to offer a controversial tax-abatement incentive to the developer of the iconic site.

The project is slated to include a 274-room Kimpton Hotel, 281,319 square feet of Class A office space, retail and 1,100 parking spaces on the southwestern corner of Mill Avenue and Rio Salado Parkway.

Tempe’s deal with Hayden House Tempe LLC includes an eight-year property-tax break for the project through the Government Property Lease Excise Tax program.


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