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Railroad plan advances/ P. 6
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Default threatens owners’ hold on Bell Bank Park BY SCOTT SHUMAKER Tribune Staff Writer
T
he organization that built the $280 million, 320-acre youth and amateur sports complex known as Bell Bank Park in southeast Mesa is in default of its loan that covered the project. A formal notice issued Oct. 18 by bond trustee OMB Bank to investors states that Legacy has missed monthly payments on interest and principal, failed to submit audits
BUSINESS............ 22 Happy coincidence leads to couple to a new venture.
Sunday, October 23, 2022
and financial statements, and has unpaid construction company liens on the property. Over the summer, at least 10 subcontractors that worked on the project filed liens totaling millions of dollars against the property owner for non-payment for services, according to the Maricopa County Recorder’s Office. Legacy Cares doesn’t own the land, but leases it from Pacific Proving LLC, a joint venture between William Levine and Arturo Moreno, owner of the Los Angeles Angels
Two marquee airport users make progress
MLB baseball team. Levine and Moreno were partners in the billboard company Outdoor Systems, which they sold to Infinity Broadcasting for $8.7 billion in 1999. Pacific Proving purchased 1,800 acres of the General Motors testing facility, which has provided land for Mesa’s tremendous expansion in the southeast. Liens make the 320-acre property difficult to sell or mortgage, and one of the terms
Revving up
see BELL BANK PARK page 18
BY SCOTT SHUMAKER Tribune Staff Writer
SPORTS ............... 27 Red Mtn’s Carter Crispin using friendships for success.
COMMUNITY .............................. 20 BUSINESS ................................... 22 OPINION ..................................... 25 SPORTS ...................................... 27 CLASSIFIED ............................... 29 ZONE 1
P
hoenix-Mesa Gateway Airport grabbed headlines this past year when two major aerospace companies – business jet maker Gulfstream and space tourism company Virgin Galactic – announced plans to set up operations there. Despite current economic uncertainty surrounding inflation and interest rates, airport staff reported last week that those projects are moving ahead rapidly. In a sign that Gulfstream is finding success recruiting workers in a tight labor market and attracting jet maintenance businesses to Mesa, Gulfstream announced Oct. 17 that it has leased a second hangar at Gateway for its regional mainte
see GULFSTREAM page 4
Bryan Day of Mesa got his radio-controlled car set up prior to the third annual Kinwald Klassic RC competition that Hobby Action RC Raceway in Chandler held Oct. 15 to benefit the Arizona Chapter of the Crohn’s and Colitis Foundation. The event is named in memory of Brian Kinwald of Tempe, a multiple world champion in radio-controlled racing who died in 2019 at age 45 from complications of Crohn’s disease. “He contributed to the sport of RC racing and inspired many with his skill and determination in spite of his illness,” a spokeswoman said, adding that hundreds of competitors registered for races. (David Minton/Tribune Staff Photographer)
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