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Phoenix wins auction for 159 acres near TSMC campus

Latest headlines from ABC15 Arizona in Phoenix
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PHOENIX — The city of Phoenix was the only bidder as it won an Arizona State Land Department auction Nov. 19 for 158.7 acres in north Phoenix.

It’s paying $11.9 million for the site, which is situated north of Sandra Day O’Connor High School, off the I-17 freeway and Jomax Road.

The city’s Parks and Recreation Department submitted the original application for the land, planning to purchase it for a new mountain preserve and hiking trail.

Documents submitted with the Arizona State Land Department originally suggested a builder could likely swoop in and outbid the city.

Read more of this story from the Business Journal.