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Big fight pits Legislature vs. universities over real estate deals, tax breaks

Posted by   /  February 2, 2018  /  No Comments

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By Mike Sunnucks | Phoenix Business Journal

A bill making its way through the Arizona Legislature puts restrictions on real estate deals crafted by state universities.

It sets up another big political fight between the Republican Legislature and state universities — specifically Arizona State University.

The measure, House Bill 2280, comes in response to the $928 million sale of the Marina Heights development in Tempe. The 2-million-square-foot office campus sits on land owned by the Arizona Board of Regents.

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