It seems like a condominium complex just south of the Aspen Place shopping center -- is going up overnight.
But the truth is, this development has been like a long, bad dream for the City of Flagstaff.
Just five years ago, this 40-acre spot was an abandoned industrial zone – a black eye on the edge of the city’s downtown.
To get this project going, the City offered a developer tax incentives and bond guarantees.
But the developer defaulted on those 19 million dollars in bond guarantees, leaving the city holding the bag.
The story ended well.