Senators Introduce Flagstaff Federal Reversionary Relief Act
U.S. CONGRESS – Today, U.S. Senators Martha McSally (R-AZ) and Kyrsten Sinema (D-AZ) moved to lift federal restrictions off privately owned land and clear the way for economic development in Flagstaff.
Currently, Flagstaff land owned by the Win Oil Company, Inc. cannot be sold due to a federal reversionary interest dating back to The Railway Act of 1866. The company has identified a buyer who would build residential and commercial developments on the land, but needs the federal reversionary interest to be removed in order to go forward with the sale.
“The federal government should not stand in the way of economic development and opportunity in Arizona,” Senator McSally said. “Our state continues to see rapid increases in population and we must give our communities all opportunities to harness this growth and expand economic activity. I am pleased to introduce this legislation with Senator Sinema and look forward to working with her to get it across the finish line.”
“This commonsense legislation continues our work with the City of Flagstaff to fuel economic development and create jobs,” said Senator Sinema.
“I want to thank Senators McSally and Sinema for introducing ‘The Flagstaff Federal Reversionary Relief Act,’” Flagstaff Mayor Coral Evans said. “This important legislation will remove federal encumbrances on land in the City, which will allow a new landowner to develop and improve it thus increasing the value of the land and it will also provide new housing and retail opportunities for the residents of Flagstaff that we need and desire. Economic development is critically important to Flagstaff and this legislation will achieve this important goal. I commend our Senators for introducing this legislation and I look forward to working with them to push it into law.”
The full text of the bill is available HERE.