Hobbs has signed legislation for $500MM in sales tax revenue over 30 years for Chase Field renovations, contingent on a lease extension with Maricopa County.
The county board voted 2-0, with commissioner Alicia Reece abstaining. Dating back to at least last year, Reece has expressed concerns regarding the deal's implications.
Even without a contract, the moment you pay rent to your landlord, that establishes a lease agreement that is recognized by the state of California.
But it isn't plain sailing for the PCC just yet. Being listed as an ACV does not require the building owner to sell to a community group.
The lease agreement is crucial as it outlines the rights and responsibilities of both tenant and landlord, ensuring clear expectations and reducing potential conflicts.