Arizona AG sues regents over commercial real estate deals

Phoenix Business Journal

The Arizona Attorney General sued the Arizona Board of Regents on Thursday looking to block Arizona State University’s practice of allowing developers to build on the university’s tax exempt land.

The case, filed in Arizona Tax Court, seeks to end the practice allowed by the regents, which is the governing body of the state’s three public universities.

“ASU is a public university, not a commercial enterprise or an urban development authority,” Arizona Attorney General Mark Brnovich wrote…

Source: Commercial News