November 15, 2024 11:36 am
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Glendale will profit nearly $2.5M from Camelback Ranch deal

 

The city purchased two parcels of land and will sell them for a nearly $2.5 million profit near Camelback Ranch Glendale Stadium./Photo courtesy City of Glendale

By Darrell Jackson | Glendale Star

While the city has researched ways to increase funding from Camelback Ranch Glendale, the council voted unanimously to sell more than 14 acres of land near the stadium for a nearly $2.5 million profit eventually.

“This is an option agreement and joint escrow of sale of property near the northwest corner of North 107th Avenue and West Camelback Road,” said Assistant City Manager Jack Friedline. “Glendale owns certain property (two parcels) near Camelback Ranch and are exercising our option to purchase (two more parcels) and sell them to Camelback Ranch Spring Training LLC.”

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