Rio Nuevo deal to bring millions into existing downtown Tucson businesses

Rendering credit: Real Estate Daily News

By Joe Ferguson | Arizona Daily Star

The AC Hotel Tucson Downtown is under construction at Fifth Avenue and East Broadway. Hotel developer Scott Stiteler also will put $3.2 million into his downtown businesses.

Rio Nuevo and a developer have reached an agreement to bring another new Marriott-branded hotel as well as several million dollars worth of improvements into existing businesses in downtown Tucson.

The taxing district board voted last week to expand an existing deal with businessman Scott Stiteler and his business partners related to the new AC Hotel by Marriott on East Broadway and Fifth Avenue. The agreement includes an estimated $3.2 million in new investments by Stiteler into businesses and property he owns in the 200 block of East Congress Street.

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Rendering credit: Real Estate Daily News

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