Mortgage And Real Estate News

Thursday, November 29, 2012

City adds 6,400 acres to preserve

Scottsdale completed a two-decade goal on Wednesday in buying 6,400 acres of state trust land in the far north of the city that will connect the McDowell Sonoran Preserve to the Tonto National Forest.

The city was the lone bidder at $88.2 millionfor three parcels east of the Legend Trail golf community that were auctioned by the Arizona State Land Department.

The link of the preserve's McDowell Mountains and desert terrain to the national forest provides a wildlife corridor and supports the natural cycle of plants propagating across the public lands.

Read more: City adds 6,400 acres to preserve

Real Estate News

Reuters: Business News

National Commercial Real Estate News From CoStar Group

Latest stock market news from Wall Street - CNNMoney.com

Archive

Recent Comments