Mayo Clinic, ASU to lead development of biotechnology corridor in north Phoenix

By Angela Gonzales | Phoenix Business Journal

Mayo Clinic and Arizona State University officials have been talking about building a biotechnology corridor in north Phoenix since at least 2013, and the project is now closer to fruition.

Mayo Clinic was the winning bidder in an Arizona State Land Department public auction, paying $139 million for a 228-acre parcel next to its Phoenix campus on Dec. 15.

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