Movie studio, amusement park planned for huge site near Phoenix

A prominent local real estate investor has unveiled a plan for a development an hour west of Phoenix that could include a movie production studio, amusement park, hotels, retail and a sprawling data center campus.

Anita Verma-Lallian, CEO of Arizona Land Consulting, is setting up a swath of land off Interstate 10 and 411th Avenue in Tonopah for the project. A rendering produced by Gensler depicts both an amusement park and an indoor theme park alongside a host of other uses, such as multifamily residential and a distribution center.

Total costs for the entire development are estimated between $6 billion and $10 billion, Verma-Lallian told the Phoenix Business Journal. It will be financed through a mix of equity and debt.

“It’s sort of a legacy project, and I’m really excited because my family has a long history of investing in the West Valley, and this is just such a prime location,” Verma-Lallian said.

The development site is right next to where one of Bill Gates’ investment firms acquired nearly 20,000 acres in 2017 for $80 million, with plans for a futuristic smart city. Arizona Land Consulting has scooped up thousands of acres in the area over the past few years, with a focus on data center development. The firm now has two separate sites fully entitled for data center uses, with one more to go.

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

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