Peoria approves land purchase, development agreement amendments and license allowing Amcor to begin grading at Core 2

Deputy City Manager Mike Faust told the Peoria City Council that staff had spent months negotiating to secure a large parcel of Arizona State Trust land and to relocate packaging manufacturer Amcor to the city—s newly created Peoria Innovation Core.

The council voted 7-0 to approve three separate agenda items that together complete a land purchase at auction, a land-exchange with a Vistancia parcel, and amendments to the Amcor development agreement. The council also approved a license agreement that allows Amcor to access the Core 2 site for construction while final escrow and patenting steps continue.

The votes followed a multi-year staff effort that included an intergovernmental agreement (IGA) with the Arizona State Land Department, negotiated development agreement (DA) amendments with Amcor, and a land-exchange with the Vistancia developer. City staff said the package is designed to protect the city financially even if the project changes.

Why this matters: City staff presented the actions as part of a broader economic-development push to bring an anchor employer and more daytime jobs to North Peoria, increase local tax revenue and fund infrastructure without raising taxes. Staff said the agreements include contractual protections, incremental reimbursements and a mechanism to reimburse the city for major public infrastructure costs.

Key facts and council action

- At a state land…