As a result of today's Supreme Court ruling on Turken vs. Gordon (the CityNorth subsidy) the Oro Valley Town Council will discuss the ramifications on previous subsidies given out here.
The discussion will be held in Executive Session Jan. 27 @ 5:00PM.
DISCUSSION AND POSSIBLE DIRECTION TO STAFF REGARDING PAYMENTS UNDER ECONOMIC DEVELOPMENT AGREEMENTS FOLLOWING THE ARIZONA SUPREME COURT TURKEN V. GORDON DECISION.
In light of the court's decision that the ruling applies going forward and will not affect previous agreements that public entities have signed with developers, it seems that Oro Valley must give the funds held in escrow to the appropriate developers.
Let's not forget one thing. It was under the inept leadership of Mayor Loomis that these agreements were made that were so one sided in favor of the developers----especially Vestar and its Marketplace anchored by Walmart.