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Land Sales Benefit AZ Schools

Land Sales Benefit AZ Schools
January 08
13:09 2019

Money for schools! Arizona selling prime real estate in 2018 benefiting school districts across the state in big ways. An hour long bidding war over state owned land in North Phoenix recently sold in the end for $79M, the 269 acre parcel in Desert Ridge went for about $25M more than it was appraised at. The agency has sold more than $330M in land in just the past year. 2017 Arizona had only sold about $44M worth of land.

Revenue from the sales of the state land goes to Arizona district and charter K-12 schools as well as state universities.

 

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