Peoria takes swing at incentives on ballpark-area plan

By Joshua Bowling | Arizona Republic

Peoria leaders struck a deal that lays out as much as $13 million in incentives for a developer months after the Arizona Supreme Court ruled the Phoenix suburb violated the state Constitution by giving out millions for another development.

The latest project, dubbed Stadium Point, aims to transform 17 acres of city-owned land from a parking lot into a bustling “live, work, play” corridor with office space, housing and retail shops in the P83 dining and entertainment district. The City Council in April unanimously approved a development agreement which says Seattle-based developer American Life will be “entitled” to a specific tax incentive, which has come under scrutiny in metro Phoenix, if it meets several benchmarks.

The state Supreme Court in February ruled that the city violated the state Constitution by giving a combined $2.6 million to Huntington University and its landlord in exchange for broad, indirect benefits to Peoria residents.

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930