Phoenix | Skye on 6th | 285 FT | 26 Floors

[combusean]

The tax break is attached to the building, not the development team. Obviously the sales price is reflected by its tax structure but I'm not an appraiser.

I suppose the issue is whether the amount of affordable housing (the public benefits) is equal to the tax abatement they receive with Goldwater and the city at opposite ends of the spectrum. The last judge did not agree that the public benefits received were enough in tossing the last GPLET but the same incentive structure is applied here.

I'm sure the case might have merits but it's hard to take Goldwater seriously when they championship themselves against "crony capitalism" as they fight the deal that's afforded to nearly everyone who applies for it. I wish those people had something better to do with their time. Maybe the Arizona Commerce Authority should stop advertising the GPLET as some incentive if it's just going to get prospective investors sued by busybodies.