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Is Tempe tax break for hotel and conference center too steep

Posted by   /  January 12, 2018  /  No Comments

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By Jerod MacDonald-Evoy | The Republic

Tempe plans to give a $21 million tax break to land a hotel and conference center on Arizona State University land.

The Tempe City Council voted 6 to 1 to approve the deal on Thursday. Councilman Kolby Granville was the lone dissenter.

The Omni hotel project will pay almost no sales taxes or bed taxes for as long as 30 years. It also would pay no property tax because it would be on university-owned land at Mill Avenue and University Drive.

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  • Published: 8 months ago on January 12, 2018
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  • Last Modified: January 12, 2018 @ 11:48 am
  • Filed Under: Real Estate
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