Phoenix Business Journal
Arizona State University-owned land may be the target of a lawsuit over diversion of property taxes, but its massive real estate development designed to fund ASU’s athletics facilities is progressing forward unscathed.
Overall, the Novus corridor just east of Phoenix has nearly $1 billion worth of projects in the works, making it the largest single concentration of construction in the state, possibly in the Southwest, said Charley Freericks, senior vice president of Catellus, the project’s master developer.
Overall, the Novus corridor just east of Phoenix has nearly $1 billion worth of projects in the works, making it the largest single concentration of construction in the state, possibly in the Southwest, said Charley Freericks, senior vice president of Catellus, the project’s master developer.
The Arizona Republic
The Arizona attorney general has launched another battle against the state's public universities, this time over large Arizona State University real estate projects that he says are illegal.
Attorney General Mark Brnovich sued the Arizona Board of Regents, which oversees the state's universities, in Arizona Tax Court Thursday.
He claims real estate deals approved by the board allow universities to boost favored companies and help them avoid paying taxes. ASU is essentially renting out its tax-exempt status to private businesses, Brnovich said.
Attorney General Mark Brnovich sued the Arizona Board of Regents, which oversees the state's universities, in Arizona Tax Court Thursday.
He claims real estate deals approved by the board allow universities to boost favored companies and help them avoid paying taxes. ASU is essentially renting out its tax-exempt status to private businesses, Brnovich said.
ASU State Press
Attorney General Mark Brnovich sued the Arizona Board of Regents on Thursday, targeting ASU's practice of leasing tax-exempt public land to private businesses.
Brnovich filed the lawsuit on Thursday morning in Arizona Tax Court, claiming that the real estate deals and the tax breaks they provide are illegal.
Brnovich filed the lawsuit on Thursday morning in Arizona Tax Court, claiming that the real estate deals and the tax breaks they provide are illegal.
National Review
https://www.nationalreview.com/corner/when-state-universities-and-busin…
In yesterday’s Martin Center article, Sean McCarthy of the Arizona Tax Research Association explains how this has been done in his state, with Arizona State University providing the tax-exempt basis for business development.
In yesterday’s Martin Center article, Sean McCarthy of the Arizona Tax Research Association explains how this has been done in his state, with Arizona State University providing the tax-exempt basis for business development.
James G Martin Center for Academic Renewal
https://www.jamesgmartin.center/2018/11/when-a-university-helps-a-busin…
State governments treat public university land as non-taxable because the mission of these institutions is nonprofit education. But when state legislatures aren’t careful, university administrators can take advantage of their non-profit status—at the expense of taxpayers.
State governments treat public university land as non-taxable because the mission of these institutions is nonprofit education. But when state legislatures aren’t careful, university administrators can take advantage of their non-profit status—at the expense of taxpayers.
The Arizona Republic
https://www.azcentral.com/story/news/local/tempe/2018/09/30/new-arizona…
Arizona State University is breaking ground on a project it hopes will provide hundreds of millions of dollars to renovate and improve Sun Devil Stadium and other athletic facilities.
Arizona State University is breaking ground on a project it hopes will provide hundreds of millions of dollars to renovate and improve Sun Devil Stadium and other athletic facilities.
The Arizona Capitol Times
https://azcapitoltimes.com/news/2018/06/01/arizona-pima-county-desegreg…
Pima County officials say a new state law dictating how to collect taxes for desegregation funding in Tucson puts the county at legal risk.
Pima County officials say a new state law dictating how to collect taxes for desegregation funding in Tucson puts the county at legal risk.
Downtown Devil
https://downtowndevil.com/2018/04/12/90257/amended-gplet-reform-bill-pa…
A bill amending the application of a controversial Arizona tax incentive has passed through the legislature and awaits Governor Doug Ducey’s signature.
A bill amending the application of a controversial Arizona tax incentive has passed through the legislature and awaits Governor Doug Ducey’s signature.
Phoenix Business Journal
https://www.bizjournals.com/phoenix/news/2018/02/02/big-fight-pits-legi…
A bill making its way through the Arizona Legislature puts restrictions on real estate deals crafted by state universities.
It sets up another big political fight between the Republican Legislature and state universities — specifically Arizona State University.
A bill making its way through the Arizona Legislature puts restrictions on real estate deals crafted by state universities.
It sets up another big political fight between the Republican Legislature and state universities — specifically Arizona State University.
The Arizona Republic
https://www.azcentral.com/story/opinion/op-ed/robertrobb/2018/01/05/asu…
The State Farm complex overlooking Tempe Town Lake pays no property tax. That’s because Arizona State University, or more precisely the Arizona Board of Regents, is the nominal owner.
The State Farm complex overlooking Tempe Town Lake pays no property tax. That’s because Arizona State University, or more precisely the Arizona Board of Regents, is the nominal owner.