Kent Lyons, Sporting A New Bearded-Image Presents Mesa Downtown Portfolio Development Plans

He was sitting on-the-edge of his seat early this morning before the monthly meeting of the entire City of Mesa's Economic Development Advisory Board that started promptly at 07:30 am.
Your MesaZona blogger was one of perhaps three members of the public to attend these informative sessions.
If body language and posture can tell you anything, there are no further comments that need to be made other than to say that those members of the advisory board who did make comments were without exception enthusiastic for plans by three groups of investors who have now acquired nine commercial properties on Main Street for real estate speculation after 'cornering-the-market' in transactions last year that went mostly undisclosed.

Here's an image of a slide from today's early morning EDAB Power Point presentation showing the property acquisitions made by the willing sellers who have cashed-out after years of owning under-used and under-developed and sometimes long-vacant buildings > Will it be "Buy-and-Hold" or "Re-Hab" ???? 
The one exception other than purchase from private owners, was a deal involving a zoning change, a Memorandum of Understanding, and a development agreement with city officials for LUXURY LIVING atop a city-owned parking lot marked Found:Re instead of The Drew Street Parking Lot. 

Make that Found:Re #2, the space marked at lower-right center, where Mesa Mega-Millionaire resident and AZ Senator Bob Worsley [LD25] have teamed up with W Tim Sprague's Habitat Metro, to duplicate the Phoenix success in Portlandia by Hance Park of 'a boutique hotel' in an already existing building to do a makeover that took ten years to get done. 
That's just a reality-check, folks no matter how fast a track

City officials tried to spin on this unsolicited developer proposal that's way out-of-balance in the historic district . . . and at 15 stories it's way out-of-proportion to the existing cityscape where Kent Lyons said that the $100-Million for the Mesa Arts Center was 'just a down payment' for these three groups of investors who want to keep 'the historic vibe' and what's unique and eclectic 'to find the beauty-behind-the-stucco' . . . Go stick that somewhere!
The groups of investors who aren't just Buy-and-Hold or Wait-To-See are, according to what Kent Lyons said, looking at a faster timeline here for action on quick-returns @ 29 W Main Street, the first building acquired by Worsley that was a former bank building standing vacant for 17 years. (The owner of that property was no doubt very motivated to sell at any price offered and put on-the-table!)
Hmm. Mebbe sometime before Christmas, or just after the New Year to hedge your bets.
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What  does all this taking on risk and gambling millions here hinge on???
Clue: it's a subject that's been addressed already many times on this blog site before - a scheme by 'early-shakers' that GOT REJECTED by voters and taxpayers in the last General Election in 2016 - You all know what your MesaZona blogger has been talking about. . . However, to find out more about what Kent Lyons said, you'll have to wait until the Approved Minutes of today's EDAB Meeting are made available to the public.