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02/24/07
Statute slows $300 mil downtown Chandler project
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:09 am

< ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Chandler officials have put the brakes on Niels Kreipke’s proposed $300 million downtown redevelopment project after a city attorney discovered a need to allow proposals from other developers. Kreipke had been scheduled to submit formal plans to the city Friday, but he said he received a phone call on Feb. 11 from City Manager Mark Pentz, telling him not to submit anything because a state statute requires the city to request competing proposals for about half of the affected land, which is owned by the city.  More…

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