Peoria ballpark-area project could have millions in incentives

The Arizona Republic
Thursday, June 17, 2021
Joshua Bowling

Peoria leaders struck a deal that lays out as much as $13 million in incentives for a developer months after the Arizona Supreme Court ruled the Phoenix suburb violated the state Constitution by giving out millions for another development.

The latest project, dubbed Stadium Point, aims to transform 17 acres of city-owned land from a parking lot into a bustling "live, work, play" corridor with office space, housing and retail shops in the P83 dining and entertainment district. The City Council in April unanimously approved a development agreement which says Seattle-based developer American Life will be "entitled" to a specific tax incentive, which has come under scrutiny in metro Phoenix, if it meets several benchmarks.