SCOTTSDALE, AZ—The Maricopa County board of supervisors has approved the transfer of the concessionaire management agreement for Scorpion Bay Marina at Lake Pleasant Regional Park from to Desert Troon Companies. The agreement names Desert Troon Companies as a concessionaire until 2040, and marks the next phase of development for the popular marina.
Daniel Smith, CEO of Desert Troon Companies, tells GlobeSt.com: “This project is right in our backyard and presents an opportunity for Desert Troon Companies to enhance the quality of life for our own community by creating long-term, environmentally sensitive amenities and services.”
The agreement involves approximately 200 acres of lake and land surrounding Scorpion Bay Marina, 300 existing wet slips, a restaurant, ship store and various other administrative buildings and structures. As part of the agreement, Desert Troon Companies will have the opportunity to invest in necessary physical improvements, expand services and amenities for the park's approximately 800,000 annual visitors.
“The lake–an integral component of Central Arizona Project, its location–centerpiece of 23,662 acres owned by the Bureau of Reclamation, and accessibility–4 million individuals live in close proximity, combine to make Scorpion Bay Marina an ideal project to apply our depth of lifestyle and master plan development experience,” Smith says.
As population growth surrounding the project in Peoria, AZ; New River, AZ; Anthem, AZ and other Northwest Valley cities continues to increase, and with the completion of State Route 303, additional economic opportunities should materialize for the region. Desert Troon Companies is vetting opportunities as part of its larger master planning process and plans to unveil specifics in early 2016. Under the terms of the concession, Desert Troon Companies will also operate existing and propose future amenities and offerings for Lake Pleasant Regional Park.
Lake Pleasant encompasses 23,662 acres of land, and approximately 10,000 surface acres of water owned by the U.S. Bureau of Reclamation and managed by Maricopa County's Parks and Recreation Department. This reservoir is overseen by Central Arizona Project and provides water to local businesses and residents. Maricopa County Parks and Recreation Department, one of the largest regional park systems in the nation, depends on user fees, and other self-generating revenue sources, to operate and maintain the 10 regional parks in the system.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
