November 23, 2024 2:25 pm
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Phoenix Rising disputes Tonalea site appraisal

(Disclosure: Rose Law Group represents Phoenix Rising Football Club in its discussions with Scottsdale.)

By J. Graber | Scottsdale Progress

The Phoenix Rising soccer team wants the school district cut the price tag for renting the abandoned Tonalea Elementary site.

An appraisal commissioned by Scottsdale Unified School District officials recently had valued the 10-acre site near 68th and Oak streets at approximately $7.9 million with an annual lease value of $320,000.

Phoenix Rising co-owner Tim Riester figures those valuations are only appropriate if a commercial developer wants to put apartments or houses on the site.

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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.