Phoenix pays $500K for 20 parking spaces. Here`s how it ties into a big new ...
(World News USA)

The Phoenix City Council approved a measure Wednesday to spend $500,000 to buy 20 parking spaces in downtown Phoenix. The deal is with real estate developer Hines Interests LP, according to city documents. `The developer has proposed to develop the undeveloped pad at Colliers Center with a high-rise, multi-family residential rental project. The pad is located at the southeast corner of the Colliers Center, near the corner of 3rd Street and Jefferson Street,` according to city documents. We... ......