The City of Maricopa’s plans for a second hospital and medical complex have fallen through a second time. Ricky Horst, the City of Maricopa’s chief strategy officer who last week retired as city manager, confirmed today that on Monday he represented the city in terminating an agreement with hospital developer Phoenix-based S3 Biotech.Horst’s letter to representatives of S3 Biotech basically states the company was not meeting the terms of its purchase and sale agreement with the city.“The funding commitment letter does not provide the level of assurance we seek, especially considering the many unmet deliverables over the past few years,” Horst said in the letter to S3 Biotech’s Britton Lee, Copper Sky Hotel and Residential Group representative Michael Patterson and Ryan Sullivan with The BR Companies.This is the second time a deal collapsed between the city and S3 Biotech. The first was in November 2023 when the company was asked to “immediately” remove fencing and equip
InMaricopa
The city s second community hospital is planned for the southeast corner of John Wayne Parkway and Bowlin Road, near Copper Sky. Photo by Brian Petersheim Jr.
The developers planning to build a second hospital in Maricopa have doubled the size of their project after buying four more acres of land at Copper Sky.
City Council on Tuesday night approved the sale of about 4.7 acres at the southeast corner of West Bowlin Road and John Wayne Parkway to Copper Sky Hotel and Residential Group LLC for $1.47 million.
The company shares principals with S3 BioTech LLC, the entity planning to build the city’s second community hospital on four adjoining acres at the same location. It purchased that land from the city in June for $1.38 million.