By Lily Altavena | Arizona Republic
Gilbert’s nearly decade-old land debacle will likely turn into at least a $4.4 million loss for the town.
The Gilbert Town Council approved the sale of 58 acres of undeveloped, town-owned land on Germann and Greenfield roads to Gilbert homebuilder Desert Vista LLC for $18.5 million last week.
Next week, the council will consider another bid from Desert Vista for 80 acres of land on Chandler Heights and Greenfield roads for $18.45 million.
Gilbert had purchased the land in 2009 for future parks but later opted to build the parks on land the town already owned elsewhere.
