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03/10/07
$100M OK’d for CityNorth parking
Filed under: General, Real Estate
Posted by: Lillian Wong @ 10:46 am

Phoenix officials agreed Wednesday to pay nearly $100 million to ensure shoppers, office workers and public-transit patrons have a place to park at CityNorth, a $2 billion luxury development that will cater to the Valley’s affluent residents and visitors. The City Council voted 7-2 to approve the agreement, which offers one of the largest sales-tax rebates in Arizona and gives Phoenix a competitive edge over neighboring Scottsdale. Councilmen Tom Simplot and Greg Stanton voted no. The deal with CityNorth is about more than just securing free public parking.   More…

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