By Darren DaRonco | Arizona Daily Star
It looks as though Tucson will finally get a downtown hotel.
The City Council unanimously approved a tax incentive package Tuesday for developer Scott Stiteler’s proposed Marriott hotel at Fifth Avenue and Broadway.
City staff will now draw up the paperwork for Stiteler’s project to receive about $6.7 million in tax breaks over eight years and an $8 million loan from the city’s Community Development Loan fund.
Stiteler’s project qualified for the city’s business incentives since its benefits outweighed the amount of tax breaks it will receive, said Chris Kaselemis, the city’s economic initiatives director.
Also: Magma Hotel renovation starts heating up
