It is easy to understand stumbling and fumbling in the current real estate bust, but it takes real skill to blow 92% of the investment in suburban desert west of the Ak-Chin Indian Reserveration in southern Maricopa County, Arizona. Try diving into the press releases posted on the City's website in 2006-2008 to get a flavor of the rosy forecast followed by the reality of a failed deal.
Look at the City of Goodyear's website and their general plan map to see how far out in the desert this property is located. Hint...It is in the far southeast corner of the general plan map. That map is one that only a gerrymandering politician or a scheming land developer could love. Just look at it!
Photos from Google of nearby
Mobile, Arizona.
Photos from Google of nearby
Mobile, Arizona.
