“Novus Innovation Corridor in Tempe was initially started as a district supporting Arizona State University’s athletic facilities.
As it continues to develop, it’s shaping up to be a destination for all Valley residents.
Universities have struggled to provide the necessary upkeep of sports facilities without taxpayer and student funding, and a 2010 state bill allowed for Arizona’s three public universities to create university athletic districts to address the issue.
As a result, ASU and Catellus Development Corp. partnered on a public-private collaboration that’s come to be known as the Novus Innovation Corridor. Here, the two continue to develop a “unique innovation ecosystem” that aligns education with employment.
Jay Donnelly, vice president of University Real Estate Development at ASU, says given the development’s scale along with the offerings it has, Novus Innovation Corridor is like ‘a city within a city.’…”
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