Study: SmokeTree redevelopment would generate new revenue for Paradise Valley, local schools
Posted 9/6/23
An emerging redevelopment of the shuttered SmokeTree Resort in Paradise Valley, a five-acre site near Lincoln and Scottsdale roads, would bring an additional $43 million a year into the local …
You must be a member to read this story.
Join our family of readers for as little as $5 per month and support local, unbiased journalism.
Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Need to set up your free e-Newspaper all-access account? click here.
Non-subscribers
Click here to see your options for becoming a subscriber.
Register to comment
Click here create a free account for posting comments.
Note that free accounts do not include access to premium content on this site.
I am anchor
COMMUNITY
Study: SmokeTree redevelopment would generate new revenue for Paradise Valley, local schools
Submitted photo/Michael Anthony Scerbo
Redevelopment of Paradise Valley’s SmokeTree Resort
Posted
An emerging redevelopment of the shuttered SmokeTree Resort in Paradise Valley, a 5-acre site near Lincoln and Scottsdale roads, would bring an additional $43 million a year into the local economy, according to a recent economic study.
According to the study titled “SmokeTree Resort Redevelopment Economic & Fiscal Impact Report Paradise Valley, Arizona,” prepared by Elliott D. Pollack & Co. for Walton Development & Management, the additional tax revenues generated will help ensure Paradise Valley continues to deliver its residents an outstanding quality of life without residential property taxes.
The study finds Paradise Valley would initially collect an estimated $1.2 million in one-time construction related tax revenues.