Back in January, State Representative Vince Leach asked Attorney General Mark Brnovich to look into the City of Tempe’s GPLET deals, incentive programs run by city governments to lease land to developers and businesses in exchange for lower property taxes.
MORE: Tempe Tax Incentives Bring New Development, Legal Questions
In a Petition for Special Action, Brnovich agreed, saying the deals “unfairly shift the tax burden to other hardworking taxpayers.”
The City of Tempe always maintained these real estate offerings were not sweetheart deals or loopholes, but “development incentive tools ... allowed by Arizona state law.”
The two parties announced a settlement Tuesday. Mike Sunnucks of the Phoenix Business Journal joins The Show to tell us about it.
