City of Glendale Approves 20-Acre Lease for VAI Resort

Article originally posted on Phoenix Business Journal on February 26, 2025

The city of Glendale plans to lease about 20 acres to the VAI Resort to support parking and traffic in the area as the project prepares to open its doors later this year.

Glendale City Council approved a ground lease agreement at its Feb. 25 meeting with the developer of the resort — the owners of construction firm Fisher Sand and Gravel — for a term of 25 years, with two additional 10-year terms.

The developer plans to construct a mixed-use building, drive aisles and more on the city property next to its under-construction parking garage at the southwest corner of Cardinals Way and 91st Avenue.