May 28, 2024 5:04 pm
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Bidders line up for state land around TSMC campus

Photo via TSMC

By Audrey Jensen | Phoenix Business Journal

Three heavyweight contenders have entered the ring in a battle for 2,300 acres of prime state land next to the sprawling Taiwan Manufacturing Semiconductor Co. campus in North Phoenix.

An Arizona state land auction for the megasite surrounding TSMC is scheduled May 29 with a minimum bid of $56.28 million, or about $24,000 an acre. A bidding war could ensue between three real estate groups that have been approved to participate in the auction by the Arizona State Land Department.

Read the full subscription story from the Phoenix Business Journal.

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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.