New ASU stadium district could be boost for Tempe
by Dianna M. Náñez and Anne Ryman - Aug. 27, 2012 06:56 AM
The Republic | azcentral.com
Business leaders are hopeful that Arizona State University's stadium district will be the shot-in-the-arm Tempe needs to fill in land that has long sat vacant near Town Lake.
Although university officials have said the project could take 20 years to fully develop, Mayor Mark Mitchell said that even moderate development is better than leaving the space vacant as it has been for years.
Mitchell said he supports the effort because an athletics district next to the nation's largest campus by enrollment is a smart investment that would attract new industries to the state and Tempe.
"I think there's great opportunities to get that investment in development, where currently we don't have anything," he said.
Mary Ann Miller, Tempe Chamber of Commerce president, said the massive development would change the face of Tempe, ASU and Town Lake.
Miller said that it would likely be difficult to launch such an ambitious plan in the still-tough economy.
Although there's still uncertainty for future major developments on Rio Salado, should plans for ASU's stadium district and the Cubs Stadium come together, the region would be a top national tourism draw.
ASU unveiled concepts this week for the 330-acre district. No developer has been selected but the university wants the master plan to include retail, residential and amateur athletic facilities.
Hotels and a spa-and-wellness center could complement the athletic facilities. New development would replace much of ASU's Karsten Golf Course.
ASU officials hope revenue from the commercial development will raise funds to rebuild Sun Devil Stadium.
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