Auditor General finds deficiencies in ABOR real estate dealings

AZ Mirror
Thursday, October 17, 2019
Jerod Macdonald

University of Arizona failed to properly oversee a commercial real estate project and allowed millions of dollars to be improperly spent, and there is a general lack of transparency and oversight at university real estate projects overseen across the state by the Arizona Board of Regents, state auditors concluded.

The report from the Arizona Auditor General comes as ABOR, Arizona State University and the City of Tempe have faced increased scrutiny from Attorney General Mark Brnovich and state lawmakers over claims that real estate deals involving ASU in Tempe may have violated the state’s constitution.

The 80-page report looks into the commercial real estate dealings of the state’s three major universities, Arizona State University, University of Arizona and Northern Arizona University.