Tucson OKs tax deal for projects

A new Marriott Residence Inn Hotel in the UA’s Main Gate district would have 213 rooms, a restaurant and a rooftop pool. Rendering credit: Main Gate Partners
A new Marriott Residence Inn Hotel in the UA’s Main Gate district would have 213 rooms, a restaurant and a rooftop pool. Rendering credit: Main Gate Partners

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.

Continued:

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