By Wayne Schutsky | East Valley Tribune IRS approval of 18 “opportunity zones” in the East Valley earlier this month are designed to promote economic development in low-income areas. The IRS awarded the designation to census tracts with indicators of poverty and income levels below the area median. Under the law, a census tract must have a population where at …
Disclosure: Rose Law Group represents the property owner By Bethany Blundell | Maricopa Monitor Despite recommendations from staff, the City Council has unanimously approved rezoning for 776 acres in the southern part of the city for a major development. The area is called the Anderson Russell Planned Area Development, which is located south of the intersection of Anderson Road and …
Rose Law Group Reporter Last night the City Council in the City of Maricopa unanimously approved a rezoning for the 776 acre Anderson Russell Planned Area Development. Anderson Russell is the first Planned Area Development that the City has approved under the City’s new Zoning Ordinance and becomes the largest community to be rezoned in Maricopa since before the economic …
By Brandon Brown | Phoenix Business Journal One of the hottest topics among lawyers, real estate brokers and developers around Arizona right now is a seldom-discussed part of the Tax Cuts and Jobs Act that congress passed in December 2017. In just a few pages, the law created a new program meant to spur economic development and create an opportunity …
Disclosure: Rose Law Group represents BASIS and Great Hearts BASIS charter school to take over Great Hearts school in Scottsdale, Phoenix Business Journal reports. It will take over a building occupied by Great Hearts Academies. Phil Handler, vice president of communications BASIS Educational Ventures, said the move saves having to invest in a new campus. The Journal says plans call for subleasing …
Disclosure: Rose Law Group represents the owners of the proposed Joslyn Crown Wedding and Event Center By Dana Trumbull | Apache Junction Gold Canyon Independent Tax Injunction Denied On March 28, County Manager Greg Stanley reported to the Pinal County Board of Supervisors (BOS) the ruling of the court denying the Goldwater Institute’s request for a preliminary injunction to temporarily …
Disclosure: Rose Law Group represents Michael Pollack in this matter By Jerod MacDonald-Evoy | The Republic The Tempe City Council on Thursday denied a request to reconsider its decision to quash a proposed Quick Quack Car Wash at Baseline Road and McClintock Drive. The council had revoked permits for the car wash after nearly three hours of debate in a packed council chambers Feb. …
Disclosure: Rose Law Group represents Arizona Organix Inc. By Darrell Jackson | Glendale Star Glendale City Council narrowly approved a change to the city zoning text amendment March 27 that allows the city’s medical marijuana dispensaries to increase their size and hours of operation. The proposed zoning text amendment was brought by Tom Galvin of the Rose Law Group, who …
By Jordan Rose and Dan Gauthier, Rose Law Group Jordan can be reached directly at jrose@roselawgroup.com or 480-505-3939 Included in the Tax Cuts and Jobs Act passed in December 2017 was a seldom-discussed section purporting to spur investment through tax incentives in low-income communities across the United States. Under this section, governors may nominate qualifying census tracts in their respective …
By Howard Fischer, Capitol Media Services | Tucson.com A select group of census tracts around Arizona is going to get what could be a crucial economic boost later this month. A provision buried deep in the new federal tax law allows governors to designate some areas as eligible to become “opportunity zones.” What’s significant is those that end up on …
