In 2012 Scottsdale Mayor Jim Lane and the city council approved a prepayment of the lease, financed by issuance of municipal bonds. However, in 2015 the IRS notified the city that the issuance is being challenged for non-compliance with the federal tax code or rules. One possible basis for such challenges is failure of the "public purpose test". References External links Scottsdale Fashion Square Official Site Scottsdale Waterfront Residences Shopping malls in Arizona Macerich Buildings and structures in Scottsdale, Arizona Shopping malls in Maricopa County, Arizona Shopping malls established in 1961 Tourist attractions in Scottsdale, Arizona