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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