City approves land lease for resort project

Photo via VAI Resort

By Audrey Jensen | Phoenix Business Journal

The city of Glendale plans to lease about one acre to the VAI Resort to support parking and traffic in the area as the project prepares to open its doors later this year.

Glendale City Council approved a ground lease agreement at its Feb. 25 meeting with the developer of the resort — the owners of construction firm Fisher Sand and Gravel — for a term of 25 years, with two additional 10-year terms.

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