Home > Breaking News > Arizona trust land boom turns bust with defaults

Arizona trust land boom turns bust with defaults

By dmc-admin

Published: May 26, 2009 at 1:00 am

A news release touting the largest sale in the history of Arizona's land department made it sound like the boom would never end. The lone bid for the 269 acres in north Phoenix was $149.5 million, topping the previous record sale of state trust land of $135 million two years before. "This is a remarkable …

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