By Becky Pallack for Arizona Daily Star
The Tucson City Council moved forward Aug. 5 on a tax incentive deal for a new hotel near the University of Arizona.
Main Gate Partners applied for a site specific sales tax incentive, which gives a developer a 45 percent rebate on the site’s sales taxes and bed taxes for eight years.
To qualify, a project must show through an economic analysis that it can raise more revenue than the value of the tax abatement.