Tucson expanded by 163-acres Tuesday night after the city council gave final approval to annex a southeast property that could one-day house a 1.3 million-square-foot retail development.
A city analysis estimated the Century Park Marketplace parcel, located east of South Kolb Road and along East Valencia Road, could bring about $37 million into city coffers within the next decade if the property is fully developed.
But that was only an analysis to determine if the annexation was worth the trouble.
Right now, it’s a dirt lot and development might not occur for several years, city records show.
Michael Farley, who manages the property, sought an annexation after a falling out with Pima County officials over who would pay for a new road alignment around the property.
Farley sued the county after it refused to finance a rerouting of Valencia to run along the south side of his property.
The lawsuit is ongoing.