November 17, 2024 6:22 am
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[IN-DEPTH] House bill erodes Benson improvement district control, foes say

Benson improvement district
Benson improvement district
Map courtesy of City of Benson

By Emily Bregel | Arizona Daily Star

Benson city leaders say a bill moving quickly through the Legislature gives too much power to a landowner seeking tax-exempt bond financing for a proposed 28,000-home master-planned community.

At least three Benson City Council members say HB 2568 would give Phoenix developer El Dorado Holdings Inc. decisive control over an improvement district to help fund public infrastructure in the Villages at Vigneto development. The project could bring 70,000 more people to the tiny town in Cochise County.

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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.