Phoenix wins auction for 159 acres near TSMC campus

The city of Phoenix was the only bidder as it won an Arizona State Land Department auction Nov. 19 for 158.7 acres in north Phoenix.

It’s paying $11.9 million for the site, which is situated north of Sandra Day O’Connor High School, off the I-17 freeway and Jomax Road.

The city’s Parks and Recreation Department submitted the original application for the land, planning to purchase it for a new mountain preserve and hiking trail.

Despite being in north Phoenix, where a variety of major new developments are currently underway, no homebuilders ended up bidding on the site. Documents submitted with the Arizona State Land Department originally suggested a builder could likely swoop in.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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