November 24, 2024 2:42 pm
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Harsh words exchanged between ASU, developer over USA center deal

Rendering USA Basketball Center
Rendering USA Basketball Center

By Ray Stern | Phoenix New Times

Arizona State University released a harsh statement on Friday night about the end of negotiations with USA Place, essentially accusing developers of lying.

As we reported on Thursday, plans collapsed for the $350-million-plus downtown project that would have brought a hotel, conference center and the Colorado-based USA Basketball organization to Tempe. The project was announced to great fanfare in July of 2013, promoted by sports mogul Jerry Colangelo, chair of USA Basketball.

ASU confirmed the split in a lengthy, interesting statement that reveals the frustration felt by university officials about alleged broken promises.

“Arizona State University has been more than generous in granting multiple extensions to deadlines to USA Place in its efforts to secure this ambitious project.

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.