Sunday, October 18, 2015

Tempe's 'Sin City' near ASU sees redevelopment boom

Aging apartment complexes, vacant lots and an old motel are giving way to sleek, modern housing in the latest surge of redevelopment along Tempe's light-rail corridor just east of Arizona State University.

The Tempe area some have dubbed "Sin City" has long been known for its loud parties, dense housing and higher crime rate, but now it's also a magnet for millions of dollars in private investment from major national developers.

Read more... http://www.azcentral.com/story/news/local/tempe/2015/09/25/tempes-sin-city-near-asu-sees-redevelopment-boom/72647950/

Reuters: Financial Services and Real Estate

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