Sunday, February 9, 2014
Deal on land in downtown Surprise OK’d
Phoenix signed off on a historic deal Wednesday that cut the city’s ties to a square mile of land in the heart of Surprise it has held for more than 65 years.
The agreement clears a key legal hurdle that has long delayed Surprise’s plans to build an urban downtown. Is also allows Phoenix to reap fair market value from a decade-old land swap.
Meanwhile, nearby Luke Air Force Base, which is in Glendale, will be able to fly jets over the site without fear of liability, except if a plane crashes or something is damaged by an object that falls from a plane.
Read more...Deal on land in downtown Surprise OK’d
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arizona,
commercial real estate,
surprise
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