Business Journal talks to Jordan Rose about what she calls a ‘gift from the Federal Government’ – Opportunity Zones. Brokers, developers and lawyers are psyched about Opportunity Zones, “a seldom-discussed part of the Tax Cuts and Jobs Act.” Rose Law Group Founder and President Jordan Rose says that the “O Zone [is] pumping some serious oxygen and opportunity into the Arizona market that didn’t exist a week and a half ago,” More in this PBJ ‘EXCLUSIVE,’ which takes a close look at O Zones located in and around the Valley. (Subscriber content). http://bit.ly/2HoObSo
Jordan Rose moderates Pinal Partnership panel discussion on legislativesession. “At the monthly meeting of Pinal Partnership Friday, a coalition of business and government officials, a panel of lobbyists addressed the bills that could have the greatest impact on both cities and Pinal County.” Bills include: Funding for education, action on home-based businesses, and deregulation of food trucks. Casa Grande Dispatch. http://bit.ly/2HjhS7s
Nearly 400KSF mixed-use proposed in Tucson. • A 20-story high-rise • Two 10-story portions • At the NWC of Campbell and Speedway • Retail, grocery, hospitality and/or multifamily residential and professional or medical office • From Shenkarow Realty Advisors and Palm Shadows Joint Venture • Rendering and further development details at AZBEX. http://bit.ly/2K8zuRt
Affordable price tags in top ‘green’ markets. “Realtor.com® researched the 200 biggest metros in the U.S. to find the market availability of green homes with eco-friendly features [and] also sought to determine how much more or less these homes cost prospective buyers.” Among the top markets that shine when it comes to solar? Phoenix and Prescott. In REALTORMag. http://bit.ly/2qUlPo1
Sedona P&Z denies, then approves Residence Inn. Commission members voted to “deny recommendation to council to approve a zone change for the proposed Marriott Residence Inn” at SR 89A and Upper Red Rock Loop Rd. Then they took 5-minute break. Shortly after returning from that break, members again voted, this time IN FAVOR of recommending a rezone to council. What changed minds? Find out in Red Rock News. http://bit.ly/2HTNe1A
Scottsdale GO bond debate to reach likely conclusion Tuesday, May 1. That is when “Scottsdale residents should know one way or another how elected leaders plan on paying for crumbling infrastructure citywide and the true potential of issuing a November [GO] ballot question.” Scottsdale Independent reports, however, that in getting to this “likely conclusion,” a “political line in the sand appears to have sprouted at Scottsdale City Council.” (Also see below.) http://bit.ly/2HrfaJm
[OPINION] Smith: Need for infrastructure reinvestment ought to supersede political posture. “On April 17, the Scottsdale City Council was scheduled to consider ballot language that would ask voters to approve a bond issue of $350 million for capital improvements in the city. What should have been a discussion of the needs of the city and a dialogue of alternatives soon turned into chaos, indecision, political posturing and procrastination.” By Councilman David Smith in Scottsdale Independent. http://bit.ly/2JiaGoD
Peoria invests millions in capital improvements. A “lengthy list of projects either completed in the past year, in the construction phase, or on the calendar for the future” — along with costs — in Peoria Times. http://bit.ly/2HIgCtV
Supervisors’ resolution would deny San Tan incorporation petitions. “The Pinal County Board of Supervisors… is set to vote [today] on a resolution that would reject petitions submitted by the Vote San Tan Valley steering committee on several grounds [one being ‘too many’ disqualified signatures].” If the resolution is approved, the “persistent effort to allow residents of San Tan Valley to vote on whether to incorporate into a city could be facing a death blow.” Casa Grande Dispatch. http://bit.ly/2vJGr8u
Queen Creek witnesses blast utility, plug town as ideal interim manager.“Johnson Utilities’ wastewater treatment plant… has been the source of many complaints over the odor that has made its way into neighborhoods.” Appearing before the Arizona Corporation Commission, Queen Creek “Town Manager John Kross, and especially Utilities Director Paul Gardner, provided testimony that strongly criticized Johnson Utilities’ management and infrastructure.” The recap in Florence Reminder. http://bit.ly/2JkMGRI
CAP to meet with upper Colorado River officials in response to water ‘manipulation’ charge. “Central Arizona water managers, facing backlash from other Colorado River users for allegedly undercutting regional conservation efforts, will visit Utah later this month aiming to smooth relations across a region struggling to agree on a way to save a key water supply.” AZCentral. http://bit.ly/2HrhQqo
NO BULL? – Neighbors seek to overturn commission decision on Hitching Post permit. Residents living near the Hitching Post restaurant in Apache Junction have “filed an appeal to overturn the approval of a conditional use permit allowing” the restaurant “to conduct various ancillary outdoor entertainment activities… Many of those who were against the permit played videos at a recent commission meeting of noisy vehicles and loudspeakers from bull-riding events…” Apache Junction Independent. http://bit.ly/2qRWQCN
Old Toltec School to become ‘one-stop shop‘ for Eloy community. A proposal is in the works for Santa Cruz Valley Historic Museum, the Eloy Chamber of Commerce and the Eloy Visitor Center to all share the Old Toltec School, a building which has emerged as a suitable home for all “three entities” after undergoing “14 years of renovations.” And Eloy Enterprise reports that it “may be open for business by the end of the year.” http://bit.ly/2K7OuyV
Why ASU spent $35 million for a building 10 minutes from the White House. “The purchase puts ASU in league with some of the nation’s most elite universities who have set up shop inside the district and off their main campuses, like Notre Dame, Stanford and Syracuse.” AZCentral. http://bit.ly/2Hr5PAU
Cameron’s $5M + deals of the day – http://bit.ly/2K6Fbz8
Almost Here, Kentucky Derby Party at Turf Paradise, May 5th – http://bit.ly/2HW1U0b
