Monday, February 1, 2010

How The CityNorth Decision Will Impact Future Subsidies

The Az Republic has an interesting article on the ramifications of the Supreme Court ruling on the CityNorth case.

Tom Irvine, an attorney who has worked on similar agreements for government groups, said numerous past agreements would not have stood up to the court's new, updated direction.

"Any pure retail subsidy would fail," he said.

We certainly believe those subsidies given out in Oro Valley, especially the Vestar Marketplace deal would be that category Mr. Irvine references.

Read The Az Republic article here.

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