10/23/2026
Protect Tempe families from unfair taxes.
Friends,
With texts, mailers, and thousands of dollars of spending flowing into our city in support of this proposition, it’s important to know where the money is coming from — and exactly who wants Prop 424 to pass. Tempe residents deserve to know: Who is funding the YES campaign, and what interests do those donors have before the city?
Take a look at our deep dive into campaign finance, and help us spread the word about this deep-pocket interests entering into our city.
Who funds Tempe’s YES campaign?
Follow the money. Disclose the interests.
Alongside public-safety interests, campaign donors include developers and real-estate investors who do business in Tempe. There are three development-related donors that stand out:
The Widewaters Group / Edward G. Shagen: $5,208
Megalos Capital / Dax Howard: $5,000
Urban Development Partners / Todd Marshall: $2,500
Dax Howard is a Phoenix-area real-estate investor and senior-living executive, identified as a principal developer for Megalos Capital and the CEO of Cascades of Tucson.
Partnered under Hardy Rio Development LLC and Mill Creek Residential (a national multifamily development builder), Dax is involved with the Modera Rio Saldo development, an estimated $200 million capital investment into the city's urban core reshaping the urban landscape along the Tempe waterfront and the Salt River corridor.
Note that the Tempe City Council voted unanimously (6-0) to greenlight the major zoning entitlements for this project
Edward Shagen represents Widewaters Group, a developer which reportedly bought Tempe’s Target Financial Center for $20.5 million.
Maricopa County Community College District later bought the buildings and 25.29 acres for $27 million. Widewaters reportedly retained about 12.1 adjacent developable acres.
The company has also been linked to a proposed 376-unit Tempe apartment project.
Todd Marshall leads Urban Development Partners, a firm responsible for Encore, Residences, and Hudson on Farmer in Tempe, along with several Mesa projects.
A 2019 Arizona Republic report linked Marshall to a controversial 2007 Tempe development agreement involving GPLET tax incentives, sales-tax rebates, and a $300,000 HOME grant. The deal, which also involved developer Charles Huellmantel, raised questions about transparency and favoritism.
Link: https://www.azcentral.com/story/news/local/tempe/2019/06/10/tempe-plans-tax-incentive-gplet-downtown-land-farmer-arts-district/1374763001/
The question for voters: Why are developers and real-estate investors funding a campaign for a tax increase? What interests do they have in Tempe’s future decisions?
These contributions don’t prove donors will benefit from the proposed tax. But they raise questions about transparency and competing interests — and voters deserve answers
Tempe Testimonials
Tempeans have made their voices heard about this unfair, regressive tax on our communities. Take a look at what they have to say, and help spread the word.
Help Us Fight Back
We are Tempe taxpayers, neighbors, and community members standing up against the wealthy opposition, who has already drowned the interests of residents out with tens of thousands of dollars. Request a yard sign. Spread the word. Help us raise the resources necessary to win in November
This is David vs. Goliath. We are David. With your help, we'll win.
https://www.noon424.com/?fbclid=IwY2xjawUNUAlwZG9mAWV4dG4DYWVtAjExAHNydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR62v4B-BIBwtk-YTI3TS3tRvxcobN5YelOyYU6uNq36vlUQG6VEjbzxYWgl6w_aem_9rdGFugK1WTSnxsrXZNiOw