Daily Archives: February 28, 2011

NPR Looks at Downtown Phoenix’s Vacant lots

Downtown Phoenix is full of dirt lots. At the peak of the real estate bubble, an acre was selling for about $90 a square foot. Investors and developers thought the city was finally about to grow up. Now, the same land sells for $9 a square foot.

Plans to build high-rise offices and condos are years, if not decades away.

 

Listen to the story here: Phoenix Officials Face Development Dilemma