Bids surpass $15M in Phoenix Indian School land auction
By Mike Sunnucks – Senior Reporter, Phoenix Business Journal
Feb 23, 2018, 3:21pm MST
Auction bids for a prime piece of land in Phoenix at Central Avenue and Indian School Road have surpassed the $15 million mark.
The U.S. government is auctioning 15 acres of land in midtown Phoenix next to Steele Indian School Park and Metro light rail.
Bids started at $10 million on Feb. 12. They’ve since risen to $15.2 million. That was put in by Friday after another group bid $14.4 million Friday morning.
There are five groups bidding for the land, which could accommodate commercial development, apartments or condos.
The names of the bidders have not been disclosed. The auction officially ends Saturday.
Officials at the U.S. General Services Administration, which is handling the auction, could not be reached for comment on details of the bids.
The land has been undeveloped for years and was previously owned by the Barron Collier Cos.
The federal government took the land back from the Florida developer as part of a settlement after Barron Collier Cos. stopped making payments to Native American education funds.
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