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02/19/07
Project could get $100 mil rebate
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:09 pm

Phoenix officials are working on a deal that would offer just under $100 million in sales-tax rebates for CityNorth, a monumental $2 billion development in northeast Phoenix. City officials have said that the agreement with developer Thomas J. Klutznick Co. involves a 50 percent rebate of sales taxes over as many as 11 years. The rebates would allow the city to lease space at various parking structures within the development for public use.  More…

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