CBS 5 - KPHO Pima County purchases land for Raytheon

Pima County purchases land for Raytheon

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TUCSON, AZ (AP) -

Pima County supervisors approved spending $6 million for the county to buy land south of Raytheon Missile Systems for a safety buffer zone for its manufacturing operations.

The Arizona Daily Star reports the land will also be developed as a research park.

Putting a road through the proposed buffer area could be part of a future bond issue to be decided by voters.

County Administrator Chuck Huckelberry says Pima County taxpayers are getting a good deal because of the depressed real estate market. He predicts the property will sell for a minimum of $6 million in the future.

Copyright 2012 Associated Press. All rights reserved.

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