Rio Nuevo agrees to settle with city over Tucson Convention Center

Tucson Convention Center

By Darren DaRonco

Arizona Daily Star

The Rio Nuevo board agreed Monday to make up to $6 million in improvements to the crumbling Tucson Convention Center in a bid to resolve two lawsuits over who owns and owes what in connection with the downtown redevelopment project.

In return, the board wants the city to hand over $16 million in future profits from the Depot Plaza Parking Garage and a prime piece of real estate at Interstate 10 and West Congress Street where an arena was once planned.

Although Rio Nuevo board Chairman Fletcher McCusker was enthusiastic about prospects for the agreement, unofficial city responses were lukewarm. The City Council will discuss the offer in closed session today.

The Rio Nuevo board voted unanimously to submit the offer to the city.

“This has been a long-fought battle,” McCusker said. “We worked very hard to find something we thought was fair, but at the same time represented our interests going forward.”


Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.