Following on the heels of Pinal County, Casa Grande has approved a development agreement that will allow Lucid Motors to lease approximately 1,300 acres near its existing site.
The company will pay $7.1M per year in rent and have the option to purchase the site after four years.
Lucid has also been actively buying properties near its factory site. It also has leased 116KSF of space in Tempe.
Casa Grande will annex and rezone the 1,300-acre site for industrial development. No development plans have been made public, but it is expected the site expansion could be intended as a supplier park for Lucid. (Source)