Bankruptcy outcome sets stage for redefinition of Phoenix real estate’s crown jewel


Crown Realty & Development appears likely to play an unprecedented role in how the future of economic development will unfold in the Valley of the Sun, the City of Phoenix — and perhaps the state of Arizona.

“To fund public education you have to make hay while the sun shines and what that means in Desert Ridge is let’s sell some state land,” said Crown Realty & Development CEO Robert Flaxman while enjoying a delightful combination of Florentine omelet and roasted new potatoes the morning of Friday, Feb. 1 at the Omni Scottsdale Resort & Spa at Montelucia in the Town of Paradise Valley.

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