Tuesday, October 13, 2015

City of Glendale to Vote on 98.6 Acre Land Purchase

The Glendale City Council will vote on two land purchase agreements with the Pendergast Family for land around University of Phoenix stadium during the upcoming meeting on October 13. The agreement(s) call for the city to purchase 76.07 acres at the SEC of 95th Ave & Bethany Home Road for $15,526,542 and 22.53 acres at the SWC of 91st & Maryland Avenue’s for $6,812,106. The total purchase price of $22,338,648 represents $226,558 per acre for the two lots totaling 98.6 acres. The agreements call for a closing date of November 16, 2015 and a two year holding period for the City to resell the land. For more information including the Purchase Agreements visit us online.

Proposed land purchase area by City of Glendale

For more information on this property, visit us at our website or send us an email. We're happy to hear from you!


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