April 18, 2024 10:32 pm
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Glendale buys land high, sells low to Chicago White Sox and Los Angeles Dodgers

Camelback Ranch

By Perry Vandell | The Republic

Glendale is purchasing land at a high cost and selling it for far less to the Chicago White Sox and Los Angeles Dodgers — a situation the city manager blames on agreements inked years ago.

A company formed by the two Major League Baseball teams is expected to purchase the 38-acre dirt lot along Camelback Road, at the southeast corner of their Glendale-owned spring-training ballpark.

Camelback Spring Training LLC will pay Glendale $3.3 million for the land, but the city stands to net only $260,000 from the sale.

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© 2024 Rose Law Group Reporter

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.