DocuSign Envelope ID: 210A6F83-19DF-487A-B636-9BF016BF2CBE 1/15/2018 Phoenix Chinese center caught between pride, real estate realities|William Hennelly|chinadaily.com.cn
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Hennelly
Phoenix Chinese center caught between pride, real estate realities
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It may have been only 20 years old, but to some Chinese Americans in Phoenix, Arizona, the Chinese Cultural Center was worth a historical stand. About 200 people attended the Phoenix City Council meeting on Sept 12, calling for the center's redevelopment to be blocked, azcentral.com reported.
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That didn't happen, but they got something of a reprieve as the council voted 8-0 to allow a survey to determine the historical significance of the property on 44th Street.
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The city preservation designation usually is for structures at least 50 years old, so the effort is a long shot, particularly because of the state's strong private-property rights.
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More than 16,000 people have signed an online petition to save the center. COFCO, the Chinese state-owned company, built the center in 1997, envisioning it as a tourist attraction that would connect Arizona and China. COFCO sold the mostly unoccupied property in November 2016 to New York investment firm Angelo, Gordon & Co, which in turn sold it in June for $10.5 million to 668 North LLC, a real estate unit of True North Cos, a private-equity firm in Scottsdale. True North is converting the building into new headquarters space for 350 of its employees. Also in True North's favor is the 2006 Arizona Proposition 207, the Private Property Rights Protection Act. The 170,000-square-foot center has hosted festivals and the Phoenix Chinese Week. It had a dim sum restaurant, an Asian supermarket and a Chinese medicine shop. But occupancy rates dropped in recent years.
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True North has pledged $100,000 to the Hance Park Coalition toward a new Chinese center at the Margaret T. Hance Park downtown and would relocate some of the center's elements such as the 30-foot tall paifang, or welcome gate, and keep the block-long garden at the current site. "The craftsmanship used to design and install the roof tiles and wood timber is of ancient origin. These pieces can't be simply deconstructed like some modern-day Lego set," the Chinese United Association of Greater Phoenix said in a statement. The association did not respond to a request for comment. Its president, Raymond Tang, submitted the preservation petition to the City Council on Aug 30.
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