The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch. Bon Appetit! Subscribe here to receive the Dealmaker to your inbox
Goodyear sticking with Nike deal. The city will move forward with the deal to bring Nike’s $184.2 million, 505-worker manufacturing plant to the area after Gov. Doug Ducey said he was yanking any potential state support for the project. In a statement, Mayor Georgia Lord is upbeat about the positive economic impact the Nike plant will have. Read/WATCH via Mike Sunnucks’ report inRLGR. http://bit.ly/2Js61SK
Your questions about Arizona Gov. Doug Ducey, Nike and the Goodyear plant deal, answered. How will nixing financial incentives impact the state’s economy? Did Gov. Ducey exceed his authority in “pulling state aid — and even offering it to begin with”? AZCentral answers. http://bit.ly/2XI61XX
Nikola, Lucid seek foreign trade zone status to save millions of dollars.“Nikola Motor Co. and Lucid Motors Inc. are working through applications to receive foreign trade zone status for their planned vehicle manufacturing facilities in Pinal County.” PBJ takes a look at some of what’s involved in the “lengthy process.” (Subscriber Content). http://bit.ly/2XKEoh5
Mesa OKs deal to bring $1B Google site to city. Reporter Mike Sunnucks covered the lead-up to Mesa’s action on a development agreement with Google for the massive data center. Here’s AzBigMedia with a post-approval wrap-up.http://bit.ly/2XL3Lzd
Nonprofits answer Mayor Gallego’s call for affordable housing. With Mayor Gallego stressing the need for affordable housing in her recent State of the City, two nonprofits — UMOM and Catholic Charities — “have already been answering the call” with projects “in the Central Phoenix core.” north central news. http://bit.ly/2XMlIgQ
New design plans for Papago Plaza redevelopment. Latest plans tout public art and murals as well as space to host arts and crafts festivals. They also outline designs that would offer better views of the Papago Buttes. Reporter Mike Sunnucks has full details in RLGR. http://bit.ly/2XKceTm
Paradise Valley offers consensus on roadway improvements leading to, shaping resort development. Will we see a full median along Lincoln? A “traditional roundabout” or a newfangled “swoopabout” on Indian Bend? How do The Palmeraie, Smoke Tree Resort and Ritz-Carlton projects factor in? It took “years of deliberations” topped off by a “special meeting July 1” for Town Council to finally “decide.” PVI. http://bit.ly/2Xl0TVx
Judge: Arizona attorney general’s lawsuit against ASU hotel deal can proceed, for now. “The gift clause argument moving forward means the Omni deal’s legality is unsettled. If [AG Mark Brnovich] succeeds with the lawsuit, the arrangement could fall apart and other real estate deals the university enters into could be in jeopardy.” AZCentral. http://bit.ly/2Nykj9K
Rents moving higher in the sun belt. And as far as “fastest-rising rental markets” go, Phoenix is heating up more than any other metro in the U.S.!Builder. http://bit.ly/2Xlk0Pt
Mayor’s Minute: New fiscal year to move many Superior projects forward. “July 1 was the first day of the 2019-20 Fiscal Year and this year’s budget includes funding for the advancement of many key projects in Superior.” Mayor Mila Besich brings us up to speed with this project progress report, in Copper Area News.http://bit.ly/30eqiCj
Avondale introduces city attorney department. Led by City Attorney Michael Wawro, the new department “will provide legal services to the city council, city manager and all departments, boards, commissions and committees,” WVV reports. Tap on to see who else is a part of the “new legal counsel team.” http://bit.ly/2FPipve
After two failed searches, Flagstaff brings Greg Clifton on as new manager. Clifton, who has muni-managed Telluride and Vail, Colorado, will replace “Barbara Goodrich, who has been in the position since former city manager Josh Copley suddenly resigned in February 2018.” Daily Sun. http://bit.ly/2Jl2NR3
Will up-zoning make housing more affordable? Governing: “Rezoning a city to make neighborhoods denser is an idea with growing appeal. The question is whether it works.” Seattle and Minneapolis apparently think it will. (So does the state of Oregon — see story below). http://bit.ly/322qne1
[REGIONAL] Single-family zoning eliminated in Oregon. The Beaver State says bye-bye to single-family housing in larger cities, with a bill “expected to be signed by Gov. Kate Brown” that will “allow duplexes, triplexes, fourplexes and ‘cottage clusters’ on land that used to be designated for single-family houses.” The Oregonian via Builder. http://bit.ly/2G2KYWj
As a supplement to the Dealmaker, we thought you might enjoy these articles!
Click here for 2019 Arizona Legislative News
$250,000,000 air attack! Arizonans will see more political ads than folks in every other state (but two). “TV, radio and digital ads will bombard Arizona between now and November 3. 2020.” Advertising Analytics did the ad-expenditure forecasting. Arizona’s Politics has the numbers. http://bit.ly/2XlbFjs
