ASU Report Spurred Commercial and Residential Scottsdale Real Estate Revitalization

In 2003, ASU’s Morrison Institute for Public Policy warned that Scottsdale Arizona was “falling behind its municipal competitors.” The report suggested that the city needed to “attract ‘creative knowledge workers’ who like to conglomerate in hip urban centers” and focus on the revitalization of commercial and residential Scottsdale real estate. The report claimed that if it´s warnings went ignored, Scottsdale would “fall into irrelevance.”

Little did the authors of the report know that the city would take their warning so seriously, now just two years later south Scottsdale real estate is booming, the planned tech center will bring 4,000 jobs to the area and a local developers are “forming a line to redevelop Los Arcos Crossing.” Other area strip malls will probably be taken over by residential Scottsdale real estate developers in order to fill demand produced by the local condo craze.