After several months of delays, Arizona State University on Jan. 8 declared it would no longer work with the development team attempting to build an approximately $400-million, mixed-use campus at the school's Tempe campus. Slated to be the new home for USA Basketball,the governing body for the sport in the U.S.
The project, dubbed USA Place, also was intended to provide space for retail, residential and a 220-room hotel. The development team was a combined effort of Concord Eastridge, Future Cities, Harris Sports & Entertainment and Sean Duncan, formerly of The Jerde Partnership. According to a statement released by ASU, USA Place was unable to provide deposits despite multiple extensions. After the university and development group agreed to a series of lease options on Jan. 7, 2014, USA Place missed a February closing deadline and an extension until May, according to ASU.