Title
Aviation Land Reuse Strategy Land Disposal Generally Located at Sherman Street along 8th Street and 8th Place - District 8
Description
Request the Economic Development and the Arts Subcommittee recommend City Council approval to perform all acts necessary to sell nine vacant City-owned properties identified by the Aviation Department as excess Aviation Land Reuse Strategy land inventory at a price negotiated on the open market based on the City's appraisal.
THIS ITEM IS FOR DISCUSSION AND POSSIBLE ACTION.
Report
Summary
The Airport’s Land Reuse Strategy (LRS) was developed in 2017 to address the reuse and redevelopment of fragmented City-owned parcels located west of Phoenix Sky Harbor International Airport. The property to be disposed is strategically located within the LRS’s Spark Area 2. In December 2022, the Aviation Department received approval from the Federal Aviation Administration under Part 163 to dispose and/or redevelop 427 parcels of aviation noise land. The properties to be disposed of are within Phoenix Sky Harbor (PHX), Phoenix, AZ - Land Reuse Section 163 Determination dated December 22, 2022, as Area D.
Site Attributes
- A portion of Area D is located south of Sherman along 8th streets and 8th Place. The grouping consists of nine separate and non-contiguous parcels, which impacts their development potential.
- Approximately 52,831 square feet of vacant land.
- Acquired in phases under the Airport’s Voluntary Acquisition and Relocation Program (VARS) from 2002-2016.
- The parcels are zoned A-2.
- All disposals require acknowledgement of the site's proximity to Phoenix Sky Harbor International Airport and agree to execute an avigation easement with the City, acknowledging any operational impacts (such as noise from aircraft) and a deed restriction prohibiting residential use.
Public Offering Process
The site will be offered for sale for four weeks through the City's website and advertised in the Arizona Business Gazette and on AZCentral.com.
Goals for Desired Project
- Mixed-use project compatible with the Airport operations.
- Conform to stated goals supported by the Airport’s LRS.
Financial Impact
The sale price will be within the appraised value as determined by a third-party independent appraiser. The total revenue from this disposition will be returned to the Aviation Department.
Location
Addresses: 709, 711, 801, and 815 E. Sherman Street; 805, 810, and 817 S. 8th Street; and 816 and 820 S. 8th Place
APNs: 116-37-065A, 116-37-065B, 116-37-067, 116-37-070, 116-37-073, 116-37-074, 116-37-075A, 116-37-079, 116-37-080
Council District: 8
Department
Responsible Department
This item is submitted by Assistant City Manager Ginger Spencer and the Community and Economic Development Department.