Phoenix City Council to vote on $75 million deal for new ASU housing

By Mike Sunnucks | Rose Law Group Reporter

The Phoenix City Council is scheduled to vote Wednesday on a $75 million bond deal to build new student housing for Arizona State University in downtown Phoenix.

The project is slated for Filmore Street and First Avenue.

The council is being asked to approve Industrial Development Authority Bonds for Downtown Phoenix Student Housing II LLC to build students housing for ASU.

That LLC is an arm of Tucson-based Community Finance Corp., according to Arizona Corporation Commission records.

ASU has continued to grow its footprint including student housing in downtown Phoenix.

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