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Deputy City Manager Paul Blue Discusses The Future Of The Downtown Sheraton Hotel
Published: Friday, April 17, 2015 - 4:03pm
Updated: Monday, April 20, 2015 - 8:20am
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The City of Phoenix is preparing to sell the Sheraton hotel in downtown Phoenix. The hotel has lost $38 million since 2008 and they city is now refinancing that debt.
The Arizona Republic reports that the city may invest the money from the sale of the hotel into a new arena for the Phoenix Suns.
We talked about the origins of the hotel and its possible future with Phoenix Deputy City Manager Paul Blue.