Mesa Moves 2020 > The Saints Had A Plan in 2012

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.

PHOENIX—A deal for nearly $135 million and 11,400 acres was struck between the city of Mesa and Scottsdale-based Pinal Land Holdings LLC (PLH).
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:

GM ends its operations at Mesa test track 

by Gary Nelson - Jun. 12, 2009 12:00 AM
The Arizona Republic

. . . there was an eastward-rolling tsunami of suburban sprawl. As early as the mid-'90s, developers were coveting GM's land and surrounding areas near the former Williams Air Force Base, now Phoenix-Mesa Gateway Airport, for new housing projects. . . In 2004, GM sold the southern portion to Phoenix businessman William Levine. Two years later, the northern 5 square miles was sold to Scottsdale-based DMB Associates for $265 million.

Featured in the article: Roc Arnett and Jack Sellers, a Chandler councilman at that time

Read more >>  AZ Central Archives 

 

"Heritage is a multi-generational community with immediate developability that is unmatched in scope. . . . Just 45 minutes from the fifth largest city in the United States Heritage spans over 11,438 acres of prime development land in Pinal County, Arizona. With Arizona’s population set to double by 2030, developable land is quickly becoming a scarce commodity. The Phoenix to Tucson corridor has been and is expected to be one of the fastest growing megaregions in the U.S. in the next decades. More than one million people currently work and reside within 35 minutes of Heritage. It is projected that more than 100,000 jobs will be created in the region in the next decades. Welcome to Heritage. See more > http://www.heritagearizona.com/ 

MORE SAINTS HOLDINGS: You can easily see where this starts at the top: Salt Lake City, part of The CanaMex Corridor now called The Sun Corridor  and sometimes The Mormon Corridor

 

 

 

 

 

 

 

 

 

 

 

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