An Arizona state land auction held up twice by a developer’s protests has been rescheduled once again.

The sale of the 112-acre parcel of Paradise Ridge is scheduled for March 19. The cost is $32 million, plus $67 million for infrastructure improvements. It is on a 99-year lease.

The parcel, on the Phoenix side of Scottsdale Road at Thompson Peak Parkway, is the proposed site of a large, mixed-use development. Westcor, the shopping center developer, was involved in the preparations to bring the land to auction. The company has a preferred right in the auction and has advertised its plans for the site - a large complex it calls Palisene.

Posted: 01|24|08 at 9:36 am. Filed under: Auction News.