What's Hot

    336 Apartments Coming to Casa Grande Commons

    September 2, 2025

    HonorHealth to Build on Former Amkor Site in Vistancia

    September 2, 2025

    Environmentalists Sue ADWR Over Benson-Area Developments

    September 2, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 2, 2025] - 336 Apartments Coming to Casa Grande Commons
    • [September 2, 2025] - HonorHealth to Build on Former Amkor Site in Vistancia
    • [September 2, 2025] - Environmentalists Sue ADWR Over Benson-Area Developments
    • [September 2, 2025] - Industry Professionals 09-02-25
    • [September 2, 2025] - Commercial Real Estate 09-02-25
    • [August 29, 2025] - 160-Unit Multifamily Planned at 13th St. & Madison in Phoenix
    • [August 29, 2025] - Amkor Shifts Factory Site to Peoria Innovation Core
    • [August 29, 2025] - Vestar Planning Major New Mixed-Use at Legacy Park
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      336 Apartments Coming to Casa Grande Commons

      September 2, 2025

      160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

      August 29, 2025

      Amkor Shifts Factory Site to Peoria Innovation Core

      August 29, 2025

      Vestar Planning Major New Mixed-Use at Legacy Park

      August 29, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Commercial Real Estate 08-12-25

      August 12, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Industry Professionals 08-12-25

      August 12, 2025

      Arizona Projects 08-29-25

      August 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Arizona Projects 08-08-25

      August 8, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Multifamily Developer Confidence Up in Q2

      August 12, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      336 Apartments Coming to Casa Grande Commons

      September 2, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Industry Professionals 09-02-25

      September 2, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Planning & Development » Axon Seeks $9.4M Deal from Scottsdale
    Planning & Development

    Axon Seeks $9.4M Deal from Scottsdale

    BEX StaffBy BEX StaffAugust 25, 2020No Comments3 Mins Read
    Credit: Pablo Robles/Scottsdale Progress
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Wayne Schutsky for Scottsdale Progress 
    Scottsdale has reached a preliminary agreement with Axon to reimburse the body camera manufacturer over $9M in infrastructure costs and other expenses connected to the planned expansion of its headquarters in Scottsdale. 
    The deal will go before City Council and is likely to face the same pushback from critics who opposed a similar deal with Nationwide in 2018. 
    Axon, formerly known as Taser International, was founded in Scottsdale in 1993 and has its eyes on a 74-acre parcel of Arizona state trust land near Loop 101 and Hayden Road to expand its nearby headquarters. 
    The land, which will go to auction in September, is one of several parcels of state trust land located in an area known as Crossroads East. 
    The deal going before Council depends on Axon successfully purchasing the 74-acre parcel southeast of the Nationwide site. 
    Under the proposal, Axon would be eligible for up to $9.4M in reimbursements if it completes infrastructure improvements and hits certain construction and payroll benchmarks. 
    The company is eligible for up to $7.2M in reimbursements for costs associated with the widening of Mayo Boulevard and Hayden Road – which could also include associated infrastructure work like sidewalks, landscaping, sewer, wastewater and water improvements, according to a draft of the agreement. 
    The company is required to submit plans for proposed improvements for city review before starting construction. 
    The company is also eligible for an additional $2.2M reimbursement for a payment it must make to the city if it successfully purchases the trust land. 
    The Arizona Land Department requires any successful bidder on the land to pay the city $2.2M within 30 days of the auction as payment to recoup city costs for existing infrastructure in the area. 
    So, the city would essentially give back its own $2.2M infrastructure reimbursement. 
    In order to receive its full reimbursement, Axon must build at least 250KSF of commercial or manufacturing space and have a payroll of $130M over any continuous 12-month period within five years of the state land auction. 
    If Axon does not meet those benchmarks, it would still be eligible to receive up to 50 percent of the infrastructure reimbursement, or about $3.6M. 
    The deal also includes a caveat requiring Axon to reserve 4.5-6 acres for the city to build a fire station, water pump and potential future command center. 
    Under the deal, the city will pay Axon for land using the same per-acre price the company pays the state for the larger parcel. 
    The city anticipates the plot will cost it about $2.6M, according to a council report.  
    Proponents of the deal said it is a win for the city because it will keep a major employer from relocating elsewhere and actually bring more jobs to Scottsdale. 
    According to details included in a council report, Axon currently has 850 employees in Scottsdale and plans to add 650 more jobs over the next five years.  
    Rob Millar, Scottsdale’s economic development director, said that while the site is prime property, it will take significant investment to develop it, due in part to acquisition costs. 
    Bidding for the property will start at $31.7M, according to the State Land Department. 
    The proposal has already drawn some criticism from locals who have long opposed these types of transactions between the city and private businesses in the past. 
    The deal is similar, though smaller in scope, to a reimbursement package the city gave Nationwide when it announced plans to develop the neighboring Cavasson development. 
    That deal, which will pay Nationwide up to $21.9M over 20 years, received significant criticism from residents. 
    Read more at Scottsdale Progress. 

    Arizona Land Department Axon Corporate Headquarters development deal economic development infrastructure costs Nationwide Rob Millar Scottsdale Taser International
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    336 Apartments Coming to Casa Grande Commons

    September 2, 2025

    160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

    August 29, 2025

    Amkor Shifts Factory Site to Peoria Innovation Core

    August 29, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    336 Apartments Coming to Casa Grande Commons

    September 2, 2025

    HonorHealth to Build on Former Amkor Site in Vistancia

    September 2, 2025

    Environmentalists Sue ADWR Over Benson-Area Developments

    September 2, 2025

    Industry Professionals 09-02-25

    September 2, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    336 Apartments Coming to Casa Grande Commons

    September 2, 20250

    By Roland Murphy for AZBEX Developer The NRP Group is requesting major site plan approval…

    HonorHealth to Build on Former Amkor Site in Vistancia

    September 2, 2025

    Environmentalists Sue ADWR Over Benson-Area Developments

    September 2, 2025

    Industry Professionals 09-02-25

    September 2, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    336 Apartments Coming to Casa Grande Commons

    September 2, 2025

    HonorHealth to Build on Former Amkor Site in Vistancia

    September 2, 2025

    Environmentalists Sue ADWR Over Benson-Area Developments

    September 2, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.