Daily News from the desk of Nicholas L Miner, CCIM – May 22, 2009

Daily News from the desk of Nicholas L Miner, CCIM

Here are the news stories you might find interesting today:

Leading Economic Indicators Inch Up
A bright spot to kick off the Memorial Day holiday weekend, or economic fool's gold? Time will tell, but in any case the Conference Board reported on Thursday that leading indicators of the U.S. economy posted their first rise since the summer of last year.

Elevation Chandler still owes city $11K

Whoever ultimately redevelops the defunct Elevation Chandler property will be on the hook for more than $11,000 in city fees racked up but unpaid by the controversial project's previous developer, Jeff Cline.

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UA dorm project to generate 1,500 jobs

Construction of new University of Arizona residence halls is expected to create more than 1,500 jobs for a year's time and $13 million in tax revenues, according to an analysis by the UA Economic and Business Research Center.

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Phoenix job losses ease back in April

Unemployment in Phoenix and Arizona flattened out a bit in April halting their steady rise, but remain up significantly from a year ago.

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Metro light rail extends weekend hours

Metro light rail will extend its weekend hours past 2 a.m.

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Superior mine bills introduced

U.S. Reps. Ann Kirkpatrick and Jeff Flake have introduced a land swap bill that would enable Resolution Copper to develop a mine in eastern Arizona.

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Small town resisting prison on tribal land

Investors in charge of revamped Valley lender

Goodyear seeks $1.1 billion for I-10 transit

NRA tourists laud convention center, not downtown

$1+ BILLION SOLAR POWER PLANT PLANNED IN HARQUAHALA VALLEY AREA
Maricopa County - A massive solar power plant is being planned west of Phoenix in Harquahala Valley that could eventually involve several thousand acres and $1+ billion in investment dollars. The solar generation facility will serve Arizona Public Service Co. customers. A venture formed by Lockheed Martin (NYSE:LMT) and Starwood Energy Group Global will develop and own the renewable power plant.

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