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Phoenix will try to cancel CityNorth agreement

The Phoenix City Council has decided to pursue efforts to end the city’s $97.4 million agreement to assist CityNorth’s development.

It’s an accord that the city spent more than $750,000 in court defending between 2007 and 2010.

The Arizona Republic says the council voted 6-0 Tuesday with three members absent to ask the city manager to work out the details.

Councilman Tom Simplot says times have changed since the contract was approved in March 2007.

He and Councilman Michael Johnson were the only members present who voted on the contract in 2007. Simplot was a “no” vote.

CityNorth was a $1.2.billion project that was supposed to offer about 6 million square feet of mixed-use development. To date, a total of 175,000 square feet of retail has been developed.

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 This material may not be published, broadcast, rewritten, or redistributed.

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