Committee hears bond closings, asks whether bond limits commercial use at Blue Heron
Staff reviewed recent property closings and bond details and answered committee questions about a clause that may bar commercial development on the Blue Heron parcel for the life of the loan; officials said payoff would be required to lift the restriction.
The full story
The Phoenix Urban Renewal Advisory Committee received an update on recent bond-financed property transactions and raised questions about whether a bond condition prevents commercial development on the Blue Heron parcel.
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