Acquisition of Historic Mill Avenue Properties
Summary
The city is buying two historic downtown buildings (520 and 526 S. Mill Ave) to preserve local history and maintain affordable rental spaces for small, independent businesses.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jan 8, 2026.
Impact analysis
Purchase executed using budgeted city funds at market rates.
Downtown visitors, local entrepreneurs, and residents who value historic preservation and independent businesses.
Taxpayers who would rather see the city stay out of real estate and let private developers handle the properties.
Mentions & discussions (2)
City of Tempe negotiating to purchase 2 historic buildings
City of Tempe negotiating to purchase 2 historic buildings KTAR News 92.3 FM
Regular City Council Meeting — January 8, 2026
The city is buying two historic downtown buildings (520 and 526 S. Mill Ave) to preserve local history and maintain affordable rental spaces for small, independent businesses.
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