Land purchase and lease plans approved by the Tolleson Union High School District Governing Board could spur new development activity in the West Valley.
The District will pay John F. Long Properties $7.8M for 12 acres at Catalina Drive and 93rd Avenue in Phoenix. The land will be used to enable a partnership between Western Maricopa Education Center and Tolleson Union. Tolleson Union will build a new campus for approximately 500 students next to the Southeast Campus planned by West-MEC.
TUHSD will also pay $7.35M to 5445 Glendale JV, LLC—a collection of private owners—for nearly seven acres at the SEC of 99th and Missouri avenues in Glendale that will be the location of the new District office.
Another transaction has TUHSD leasing more than 12 acres at the SEC of Washington Street and 99th Avenue in Tolleson to Dominium, an affordable housing developer. Dominium is planning a community of 331 units, the largest of which will feature four-bedroom/two-bath floor plans. The community is targeted for delivery in spring 2028.
Dominium will make an initial payment of $4M, with subsequent rent payments of $250K/year and a 3% annual escalation. The developer may buy the property for an amount greater than or equal to its market value after 30 years.
In separate financial matters, the Governing Board recently called for an election in which voters will decide on a $125M school improvement bond and a $16M statutory budget limit override for operational expenses. (Source)
AZBEX Note: Plans for the projects mentioned have not been submitted to the overseeing jurisdictions/made publicly available as of press time. Once submitted, they will be entered into the DATABEX project database and tracked.)