Hotel requirement dropped from Rio Nuevo mandate

By Darren DaRonco | Arizona Daily Star

Gov. Jan Brewer has signed a bill that lifts Rio Nuevo’s hotel spending mandate.

The change means the redevelopment district doesn’t have to wait around for a hotel project to pop up before moving forward on other projects.

As part of its punishment for wasting millions, Rio Nuevo was handcuffed by state lawmakers in 2010 from putting money into any projects until a downtown hotel and arena were built.

“The Legislature wanted to stop the crazy spending and rein in the board,” Rio Nuevo chairman Fletcher McCusker said.

Continued:

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April 21, 2014

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