By Dustin Gardiner | The Republic
The city had said it held only about 30 excess properties, but now that list has grown by the hundreds
Phoenix plans to dramatically shrink its portfolio of city-owned real estate after an internal review found the city doesn’t need at least 656 pieces of land that it owns.
That number includes hundreds more excess properties than officials previously acknowledged, and comes after an Arizona Republic investigation revealing widespread concerns about Phoenix’s land-management practices.
Among The Republic’s findings: The city owns vast swaths of vacant land — about 1,400 individual properties covering 2.3 square miles with a combined assessed value of more than $150 million.