The Dealmaker: 10/27/2016

Group exploring construction of multi-purpose arena near Scottsdale Pavilions. KTAR: “Private developers, in cooperation with the Salt River Pima-Maricopa Indian Community are exploring the idea of building a 20,000-seat… event center south of… Pavilions and west of the 101… that they say could potentially house the… Coyotes or… Suns… The facility would be part of a larger, approximately 65-acre sports village…. The Suns lease at Talking Stick… expires in 15 years…” (So if the past is any indication of the future, that means that the Suns, should they chose to relocate, will be playing there wayyyy before they ever win an NBA championship.) http://bit.ly/2ezkzlO

Developers looking to build in Casa Grande’s Villago area. [Note: Rose law group represents Communities Southwest at Villago.] “The Casa Grande Planning and Development Department is currently reviewing the preliminary plat for the first 372 acres [that Scottsdale-based Communities Southwest] is wishing to develop. This first phase would reportedly plat up to 1,200 new single-family home lots…. and would focus on the area east of Villago Middle School…. ” Casa Grande Dispatchalso reports that although “[t]he company will have to craft a plan that preserves… four water courses in the region… a regulatory project manager for the Corps… said the developmental impact on these resources seems minor.” http://bit.ly/2eJOuZa

Opposition continues to proposed Pinal regional park. “The [23,000-acre Palo Verde Regional Park] continues to attract both supporters and opponents.” Casa Grande Dispatch looks at “[f]our alternatives [that] were provided to the public” at a recent Maricopa City Council meeting. One option? Taking “[n]o action at all,” which probably isn’t a great idea, particularly if it leads to continued “desert blight,” like the kind shown in the article’s video report — a mattress and other trash strewn about. (BTW, funny, isn’t it, how seeing litter like that always makes you wonder: How can people be such pigs!?! But then, when time comes to get rid of an old mattress of your own, it’s always like “Mystery solved!” as you dump it off in the shadows under some freeway overpass.) http://bit.ly/2eQ663w

Mortgage rates (and uncertainty) remain high. BUT… “outside the past 4 months, rates have hardly ever been as LOW as they are today.” So what about the “uncertainty”? Mortgage News Daily blames it on anxiety over the possibility of a Fed Rate hike, as well as the European Central Bank ”reducing the amount of bonds it’s buying each month.” Click through for more on this, plus Best-Execution Rates and Ongoing Lock/Float Considerations —> http://bit.ly/2eUcwy4

Get your tickets today for the 6th Annual Bentley Scottsdale Polo Championships, November 5th  – http://bit.ly/2cDo7ji