A developer planning to build a swimming lagoon and entertainment destination in Glendale closed on the land for the project Friday, paying $27 million for the parcel near 95th Avenue and Cardinals Way.

ECL Glendale LLC bought the land, according to Maricopa County public records. ECL Glendale is the developer of the 48-acre project, which was approved by Glendale City Council in September 2020.

“From day one we felt this would be the type of project that would bring a significant change for the area,” Glendale City Manager Kevin Phelps said when the project was announced in September 2020.

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By Corina Vanek, Reporter - Phoenix Business Journal