Prescott Valley is adding an estimated 180 acres of open space in the next two months as part of an agreement with a developer.
The Prescott Daily Courier reports that under the agreement, the town will reimburse Kitchell Development Co. of Phoenix for widening Highway 69 with a penny on the dollar from the 2.33 cent sales tax that businesses collect at a shopping center.
The shopping center was built by the developer.
The town will pay for the land from the remitted sales tax proceeds.
Economic Development Manager Greg Fister says the Planning and Zoning Commission will be involved in changing the zoning for the land to public use, the designation that applies to parks and other open space.
Copyright 2013 Associated Press. All rights reserved.
Friday, August 22 2014 5:55 PM EDT2014-08-22 21:55:26 GMT
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