Here's the scoop in an earlier post on this blog:
The Saints Have A Plan:
THIS IS WHAT THAT $135M LAND DEAL - OR LAND SWINDLE OR STEAL?? - FOR THEIR VISION ON THE 11,447 ACRES THAT WERE ONCE THE MESA WATER FARM ...Nice buy: $135M 11,400+ ACRES
Watch where this story goes and note that the buyer in 2012, a company in Scottsdale, is now called Saints Holdings Company. They agreed to buy the land in three 5-year phases.
Let's do some numbers first: a recent city auction for 132 acres, without water rights, went for $21.1M (that's $5M above the appraised price) . . .or $159,848 per acre.
"According to Natalie Lewis, assistant to city manager Chris Brady, and also lead negotiator on the deal, Mesa purchased the land in 1985 for more than $29 million for its water rights to create a water farm. Eventually, the city found more cost-effective means to provide the city water. OH REALLY? DID THEY?
The city expected it would take 20 years or more to sell the land. But two years ago, PLH approached the city with interest in purchasing the land in phases over five years.
The land, to be purchased by PLH in three phases, is located between Coolidge and Eloy, making it an extremely attractive purchase for an entity interested in developing central Arizona. The property is currently used as farmland.
“We chose this site for many reasons including the existing infrastructure, the current and planned transportation access and the existing sense of community born through its agricultural heritage. This really and truly is the center of Arizona,” said Jackob Andersen, PLH president. . . "
RELATED CONTENT IN POSTS ON THIS BLOG SITE:
The Arizona Republic
____________________________________________________________________________
No comments:
Post a Comment