TEMPE — Arizona State University’s Research Park is paying off in a big way.
The area, owned by the university since 1956, generates over 16,000 jobs and has a $1.4 billion economic impact according to a report by the university’s W.P. Carey School of Business.
Since becoming an office and research park in 1984, the area has had several different tenants. The research park currently has 51 tenants that include Amazon, GoDaddy and Iridium.
The 320-acre space has its tenants employing 6,000 workers on their own.
According to their website, the research park officially had their first ground lease done in 1985 before spending its time as an experimental farm. The plans for the expansion were done in 1979 and four years later, a motion was authorized for the space to become a not-for-profit research park corporation.
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