The Dealmaker: 11/14/2016

LOOK WHO‘S PAYING FOR PARKING – Glendale may pay $14M to end parking feud with Arizona Cardinals. “Glendale is required to provide 11,000 parking spaces for NFL games and other events at University of Phoenix Stadium… But when Glendale allowed the development of Tanger Outlets mall and a 2005 condominium project, about 5,100 parking spaces near the stadium were eliminated.” What land purchases by the city led to the “proposed settlement agreement” and when does the city council plan to vote on it?  Find out at AZCentral. http://bit.ly/2eTGgJL

MESA GIVES IT ‘THE OL‘ COLLEGE TRY’ – Mesa voters nix funding, new ASU campus. The measure to increase the sales tax “from 1.75 percent to 2.15 percent” would have funded the ASU campus at the Mesa Arts Center. A rather blunt announcement by the city on the measure’s failure reads in part, “Question 1 did not pass; the voters did not approve funding for this project. Therefore, pursuant to Arizona Revised Statute §34-603 (i), this project is being cancelled.” Details on “what might have been” in Roland Murphy’s report at AZBEX. http://bit.ly/2frwe6G

Queen Creek P&Z OKs site plan for meetinghouse, Sossaman Estates.(Note: Planning Commission member Chris Webb is the Director of Rose Law Group Project Management Department.) “The 16,558-square-foot Sossaman Estates meetinghouse for the Church of Jesus Christ of Latter-day Saints will be on a 5.6-acre site about 750 feet north of the northeast corner of Queen Creek and Power roads in Queen Creek.”  Project details and artist renderings at Queen Creek Independent—> http://bit.ly/2eY1ucH

Rio Nuevo chairman: ‘This is our most productive time.’ Chairman Fletcher McCusker: “[D]eveloper and equity partners have new skin in the game and the buzz about downtown [Tucson] has been featured recently in The New York Times, USA Today, American Airlines Magazine and The Smithsonian Magazine. This is our time and people around the world are noticing…” Real Estate Daily Newshas details on several upcoming projects, including “the new Caterpillar headquarters building,” and $19- million in “iconic restorations” to “The Chicago Store, the Arizona Hotel, the Brings Chapel on South Scott, and 123 South Stone…” http://bit.ly/2g8gFmh

SMOKE IS A BREATH OF FRESH AIR – Postelection prescription: Stay calm and keep buying homes.  Countering all the post-election doom and gloom, Realtor.com’s chief economist Jonathan Smoke explains why “[n]et, net, [he’s] optimistic about the country’s economic prospects under President Trump — [just] as [he] would have been under a President Clinton.” http://bit.ly/2fQ68XQ