The Arizona Attorney filed a lawsuit against a commercial real estate dispute

The Arizona Attorney filed a lawsuit against a commercial real estate dispute.


The Arizona Attorney-General filed a lawsuit against the Arizona Regent Board to prevent the building to be built on the tax-exempt area of reeling State University.

“ASU is a public university, not a commercial enterprise or an urban development authority,” Arizona Attorney General Mark Brnovich wrote in the lawsuit. “It is inappropriate for this educational institution to pick winners and losers in the highly competitive property development industry by negotiating for the use of ABOR’s tax shielding status.”


In a statement released Thursday evening in response, ASU officials said, “This frivolous lawsuit is a huge waste of taxpayer money, time and energy, and it saps the public’s faith in our elected officials.”

In the case, General Mark Brnovich said that the project called Omni Tempe, which will land on land, should be subject to tax.

A hotel and convention hall will be built on the 2.25 acre land near Milli Avenue and University Drive. The project was approved by ABOR in 2016.

“Irrespective of who owns the Omni Property and improvements thereon, the improvements must be subject to tax as an improvement on possessory rights if a hotel and convention center is built on the site,” Brnovich wrote.

Brnovich is calling the Maricopa District Administrator to impose taxes on Omni property.

Arizona is famous for its canyons and deserts. The most important geographical feature of Arizona is of course the Grand Canyon. The Colorado River, which flows for 1107 km in the state, is Arizona’s longest river. Its major cities are Phoenix, Tucson, Mesa, Tempe, Glendale, Scottsdale and Yuma.

Source: bizjournals.com

Sevdenur Demir / realestatecoulisse.com

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