By Joshua Bowling | Arizona Republic
Mesa leaders agreed to waive property taxes for a planned housing development along the city’s light rail corridor.
In exchange for waiving $2.3 million in property taxes over eight years, city leaders hope to see an apartment complex with 245 “market rate” apartments and “resort-style amenities” north of Dobson Road and Main Street on a piece of land that’s sat empty for decades.
The site once was the Tri-City Mall’s parking lot. The mall was a boon to the area when it opened in 1968, but it steadily lost business to nearby Fiesta Mall, which has since shuttered, and closed in 1998. It was demolished in 2006 to make way for light rail.
