By Anne Ryman and Maria Polletta for The Arizona Republic
The Arizona Board of Regents gave Arizona State University approval to expand into downtown Mesa, pending approval of the city’s voters (AZBEX, April 19, 2016).
The deal hinges on Mesa passing a ballot measure in November, which would increase the city’s sales-tax rate to help fund the buildings.
Mesa would pay for construction of the estimated $102M+ facilities and ASU would operate academic programs and maintain the buildings.
The first phase of construction is expected to include two buildings with 180KSF of space with eventual plans for four buildings and 260KSF of space. ASU anticipates about 2,000 students in the first five years and eventually up to 3,000 students and 200 faculty and staff.
- Where: The proposed mixed-use campus would cover the square block bounded by Main, Center and First streets and Centennial Way — known as the Mesa City Center.
- Who pays for what: Mesa has committed to funding construction of the buildings. ASU would lease the buildings for 99 years and furnish and operate the facilities.
- Still unknown: It’s not yet clear when construction would begin.
- Deal depends on sales-tax increase: Officials can’t proceed with construction without help from Mesa voters.
Read more at The Arizona Republic