The city of Scottsdale and Axon Enterprise Inc., the maker of Taser stun guns and other law enforcement equipment, reached an agreement for Axon to keep its headquarters in Scottsdale after the company had previously announced plans to move to the nearby Salt River Pima-Maricopa Indian Community.
Scottsdale City Council unanimously agreed to a deal that includes the city reimbursing Axon up to $9.4 million for infrastructure improvements at the north Scottsdale site, near Axon’s existing campus, where the new headquarters will be built.
However, Axon will be required to buy the land, currently under the control of the Arizona State Land Department, at a public auction on September 10. The appraised value of the land is $31.7 million, according to the Arizona State Land Department auction notice.
The agreement requires Axon to develop 250,000 square feet of commercial space and reach a payroll of $130 million within five years after buying the land. Axon will also sell a parcel between 4.5 and 6 acres in size back to the city for civic use, according to city documents. The city will pay an estimated $2.6 million for the land.