By Jeremy Duda | Axios
After a year of negotiations, the Tempe City Council and the developers who want to revitalize Danelle Plaza intend to have an agreement ready by Dec. 1.
Driving the news: The Tempe City Council last week approved a resolution authorizing the city manager to enter into a development agreement with Guina Affiliated Developers and Desert Viking Development, which partnered with Rodney Hu, the owner of the plaza’s historic Yucca Tap Room.
- The agreement is expected to encapsulate broad plans for the multi-use project that developers hope will include affordable multifamily housing, retail, restaurants and public art.
- It will also include proposed details of the sale of about 3.14 acres of city-owned land in the plaza.
Why it matters: While the resolution is in some respects a small step, Josh Rutherford, the city’s economic development program manager who oversees the Danelle Plaza project, said it’s significant because the city now has a formal agreement with developers to move forward.
- “Having a formal agreement in place that establishes the very specific framework that we will work off of to get to a development agreement, I think that in general is a big step,” he told Axios Phoenix.
