PhoenixMart, outlet center funded to move ahead, company says
By Phil Riske | Senior Reporter/Writer Rose Law Group Reporter
In a letter to the editor of Casa Grande Dispatch, AZ Sourcing says two of its Pinal County projects are moving forward.
“We are pleased to report that we have the funding necessary to move forward on both the development of PhoenixMart and the redevelopment of the former Tanger Outlet Center, wrote Marshall Stahl, AZ Sourcing chief operating officer.
Stahl says the company has “has accelerated construction of [the much delayed] PhoenixMart,” but did not speak to the funding.
The company did not immediately respond to Rose Law Group Reporter’s request for further details.
Attributing the cause to delays with the federal government’s EB-5 immigrant investment program, PhoenixMart in January reduced its workforce by an unrevealed number.
Az Sourcing said at the ime the staff cutback was not a “layoff, because the company expects the workers to return when EB-5 funds come through. The cutback, the company said, would not interfere with construction.
