December 22, 2024 4:16 am
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AG files amended complaint against regents over ASU real estate deals

KTAR.com

ASU President Michael Crow, who also spoke at the event, questioned how the attorney general’s office could sue a state body when the office also represents them in other matters.

Arizona Attorney General Mark Brnovich announced Thursday that his office filed an amended complaint against the Arizona Board of Regents in a lawsuit over Arizona State University’s real estate deals.

The amended complaint adds a claim that ASU’s deal with Omni Hotel for a project located at University Drive and Mill Avenue is unconstitutional.

“In our complaint we claim that the Board of Regents is violating the (Arizona Constitution’s) gift clause by essentially giving $38 million upfront in discounted property values to (an) out-of-state hotel corporation in order to build a hotel and conference center in Tempe,” Brnovich told KTAR News 92.3 FM on Thursday.

The attorney general’s office said ASU gave Omni Hotel those millions in discounted property valuation and funding for a conference center and parking garage.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.