NEWSThu, Jun 03Piece of state land in Scottsdale fetches $2 mil.A 4.7 acre parcel of state trust land in Scottsdale has sold to a Seattle company.
The parcel, located northeast of Loop 101 and Frank Lloyd Wright Boulevard, sold for the minimum bid of $2.15 million or $451,681 per acre. Builders had backed off buying or leasing state land the past two years because of the recession but State Land Commissioner Maria Baier noted that developers are showing renewed interest in state trust lands.
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