Pinal ponders raising $126M to buy industrial land

VIA PINALCENTRAL.COM

Written by Mark Cowling

FLORENCE — Pinal County officials are planning to raise $126.5 million to buy land for economic development through the sale of taxable revenue bonds.

The Board of Supervisors held a public hearing Wednesday without specifying either the location or the industrial prospect, which are not yet public under the terms of a non-disclosure agreement.

The board took no action on May 18 but is tentatively expected to consider a resolution to sell bonds on June 22. By then, the development agreement, business plan, “who it is (and) what they’re doing” will be made public, Pinal County Manager Leo Lew

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