Quantcast
Don't Miss
Home / courts / Resort developer sued over low-income housing

Resort developer sued over low-income housing

A developer who wants to build a $600 million luxury hotel in Scottsdale is in a battle with the federal government.

The government is upset over the destruction of an apartment complex that was home for low-income people.

The Phoenix Revitalization Corporation this month sued Scottsdale Canal Development in federal court.

The nonprofit Phoenix Revitalization Corporation is a remnant of the Resolution Trust Corporation, which sold distressed properties at bargain prices.

In some cases, it attached low-income-housing restrictions to properties.

The government claims the developer violated restrictions requiring the 12-unit complex to remain low-income housing.

It’s the latest hurdle for Scottsdale Canal Development in a three-year push to rezone and clear the site for development.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 

Scroll To Top