The city of Peoria was the successful bidder for 834.5 acres in today’s State Land Public Auction with a final bid of $46.7 million.

In December 2024, the city applied to Arizona State Land Department to bring this property to market, which is located within the Peoria Innovation Core (PIC), northwest of the intersection of Loop 303 and Lake Pleasant Parkway.

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The growth of the North Valley driven largely by TSMC and Arizona’s continued economic growth have positioned the PIC for development at this time. This property also supports the City Council’s priority of Economic Development.

This area, commonly referred to as Core 2, is designated for a variety of uses, including industrial, commercial/retail and mi

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