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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