PHOENIX—The NAIOP Arizona board of directorshas unanimously opposes Prop 480, an item on the Nov. 4 generalelection ballot that asks Maricopa County voters to approve a $1.4billion general obligation bond over 27 years for the MaricopaIntegrated Health System.
If passed, Prop 480 would be the third largest bond issuance inArizona history, according to the Arizona Tax Research Association,the group spearheading the effort to defeat the proposition.
The NAIOP board could have supported a narrower bond requestfocused more on the behavioral health component and replacement ofthe Level One Trauma Center and Arizona Burn Center, NAIOP-AZpresident Tim Lawless says.
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