Rio Nuevo received 2 $100M bids to develop Greyhound property

Photo by Diana Martinez/Cronkite News/no copyright
Photo by Diana Martinez/Cronkite News/no copyright

By Darren DaRonco | Tucson Daily Star

Rio Nuevo has two $100 million proposals to develop its land near the Tucson Convention Center on the table.

The board voted 4-1 Tuesday to publicly interview the two bidders in a final evaluation before it selects a winner to purchase and develop the approximately 8.5 acres of Rio Nuevo land, now occupied by the Greyhound Bus Depot.

In May, the district sought bids on the property behind the TCC along Granada Avenue, east of Interstate 10 and north of Cushing Street.

Both bids promise to transform the site of the current Greyhound station into a vibrant western gateway to downtown. To accomplish that, both include plans for a hotel, parking garage and some mix of apartments, office space, and restaurants and shops.

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