The Embry-Riddle Tri-City Land Exchange Completion Act, H.R.6739, was introduced by Congressman Paul Gosar this week. The bipartisan bill removes the reversionary clause from a 16-acre parcel of vacant land that is located adjacent to Embry-Riddle’s campus at the NEC of Willow Creek Road and Heritage Park Road in Prescott, Arizona.
Andy Biggs, Debbie Lesko, Martha McSally, Tom O’Halleran, Ron DeSantis, and Ted Yoho are the original co-sponsors of the bill.
“Removing the antiquated restriction on this 16-acre parcel is just common sense,” stated Gosar. “Such action will allow the college to leverage the property for economic development to include the creation of offices, retail, and other similar uses in line with the current zoning of the parcel. This locally-driven solution has no negative financial impact and will allow for important growth in the Prescott community.”
“Embry-Riddle Aeronautical University – the world’s leader in aviation and aerospace education – generates more than $1.4 billion in economic impact to Arizona and Florida. Our continued growth in both states will strengthen America’s STEM talent pipeline, filling the needs of the aviation aerospace industry,” University President Dr. P. Barry Butler said. “By removing the historic restriction on a small parcel of land owned by Embry-Riddle in Prescott, Arizona, we can continue to promote economic development within the region. The removal of this restriction will allow us to work with community stakeholders to encourage development in line with current zoning. As an institution we are grateful to Congressman Gosar and his team for their support.”
The legislation was drafted at the request of Embry-Riddle Aeronautical University.