Via Tempe Union
By Paul Maryniak | Arizonan
The Tempe Union Governing Board on Jan. 14 unanimously approved a letter of intent authorizing negotiations to sell one part of a 48-acre district-owned parcel along Kyrene Road in Chandler and lease another part.
The move would set the stage for a mixed-use redevelopment with residential development on the parcel that would be sold and light industrial uses on the leased part.
The sale would generate $35 million for the district’s capital program while the lease would provide millions over the 99-year lease period.
