November 23, 2024 10:30 pm
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Phoenix approves $800,000 reimbursement for arena, hotel development

By Mike Sunnucks | Rose Law Group Reporter

The Phoenix City Council has approved an $800,000 reimbursement for a developer building a new sports arena and hotel near Interstate 17 and the Loop 303 freeway.

The Council action will reimburse Legacy Sports Arena LLC up to $800,000 for public infrastructure improvements in developing the arena and hotel project.

Legacy Sports is building a new 171,000-square-foot, 1,500-seat arena and an 88-room, 58,700-square foot hotel on a vacant 20-acre property at North Valley Parkway and Bronco Butte Trail.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.