Council to talk economic development ideas this week
The possibility of the City of Maricopa acquiring commercial land from a developer and a $435,000 contract for economic development services are on Tuesday’s city council agenda.
Thompson Thrift Development, planning the Sonoran Creek Marketplace on John Wayne Parkway next to Culver’s and Dutch Bros, developed an agreement with the City of Maricopa that would sell 4.22 acres of the 20-acre lot to the City for “future commercial development.”
Those acres are known as Lot 3 and are on the west side of the development. The purchase agreement requires the City to purchase Lot 3 and a bordering drainage area for $4 per square foot, equaling more than $735,000.
