Russo and Steele Secures Its Home
The shakeup in homes and real estate isn't confined to offices, residences, factories and shopping centers, it extends also to collector car auctions as was demonstrated earlier this year in Scottsdale.
Siting there is a peculiar thing: much of the land actually is owned by the State of Arizona or the feds. Some of it is controlled by the City of Scottsdale (for example, the WestWorld site of Barrett-Jackson.) Russo and Steele's site at the intersection of Scottsdale Road and the Loop 101 Freeway is another example. They've been leasing the site for the past seven years from the Arizona State Land Department.
Earlier this year Barrett-Jackson tried to lease a parcel next to Russo and Steele's which, it turned out, Russo and Steele wanted to use for parking. It got to be ugly, as things like this sometimes do.
The happy ending for collector car auction junkies is that Russo and Steele announced yesterday that they had secured a multi-year lease of the traditional site which, like the rest of Scottsdale's desert, has rapidly been encapsulated by the ever-expanding city of Scottsdale.
Where once there were jackrabbits now there are Starbucks.
Eventually Russo and Steele's site is going to become so valuable for retail, office or residential development there will be no holding back the encroachment on the site, but for now and the immediate future the prospects are bright and Drew Alcazar is promising 500 cars on four auction days, Thursday January 17 through Sunday January 20, 2008.
At least we'll know where to find them.
Rick Carey
Siting there is a peculiar thing: much of the land actually is owned by the State of Arizona or the feds. Some of it is controlled by the City of Scottsdale (for example, the WestWorld site of Barrett-Jackson.) Russo and Steele's site at the intersection of Scottsdale Road and the Loop 101 Freeway is another example. They've been leasing the site for the past seven years from the Arizona State Land Department.
Earlier this year Barrett-Jackson tried to lease a parcel next to Russo and Steele's which, it turned out, Russo and Steele wanted to use for parking. It got to be ugly, as things like this sometimes do.
The happy ending for collector car auction junkies is that Russo and Steele announced yesterday that they had secured a multi-year lease of the traditional site which, like the rest of Scottsdale's desert, has rapidly been encapsulated by the ever-expanding city of Scottsdale.
Where once there were jackrabbits now there are Starbucks.
Eventually Russo and Steele's site is going to become so valuable for retail, office or residential development there will be no holding back the encroachment on the site, but for now and the immediate future the prospects are bright and Drew Alcazar is promising 500 cars on four auction days, Thursday January 17 through Sunday January 20, 2008.
At least we'll know where to find them.
Rick Carey
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