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Axon’s Scottsdale apartment proposal accused of “cheating” schools out of funding

 Axon’s Scottsdale apartment proposal accused of “cheating” schools out of funding

Taser manufacturer Axon’s plan to build 2,500 apartments near its new headquarters near Loop 101 and Hayden Road has been zapped with accusations that it weaseled around state land rules and thus its obligation to public school funding. Axon bought the parcel for $49.1 million in 2020 knowing that residential development was prohibited, but given the loss in popularity of office space and the dire need for more living space, it hopes to bring much-needed units to the area. It’s unclear how much the land could be worth if it’s rezoned for residential, but one estimate claims Axon should pay $125 million to the school system. For now, the rezoning process is on hold.

 

Source: https://www.axios.com/local/phoenix/2023/09/21/axon-scottsdale-apartment-proposal-school-funding

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