April 26, 2024 7:11 am
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New Rio Nuevo audit shows signs of improvement

By Darren DaRonco | Arizona Daily Staraudit

Rio Nuevo received a bit of good news this week when the Arizona Office of the Auditor General released its most recent audit of district finances.

The audit, performed by C.H. Johnson Consulting, found the downtown improvement district is financially solvent, and stable, but questioned whether the district will bring in enough money over the remaining 12 years of its life to dramatically improve the Tucson Convention Center.

The auditors praised the current board members and complimented them on the “significant improvement” the district has experienced since the last audit about three years ago.

Most of the kudos centered on ending the fight with the city and getting in line with most state statutes, something the current board strived for since it formed in June 2012.

Continued: 

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