Arizona’s 9.2 million acre of state land trust is one of the largest in the nation, and was created to generate revenue for 13 beneficiaries, particularly K-12 schools.
Last week, the heads of the Arizona State Land Department updated the real estate community about how the agency is leveraging the real estate boom to carry out that mission.
“In recent years, the Arizona State Land Department has executed high profile deals across the Valley, resulting in billions of dollars of investment and new job opportunities for Arizonans,” said Cheryl Lombard, president and CEO of Valley Partnership, the voice of the real estate community in metro Phoenix, which hosted the event.
“The department is a critical tool for economic development in the state and for funding important state programs.”
Land department taking more business-minded approach
Arizona State Land…