April 19, 2024 10:46 am
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Rio Nuevo, TIF help fund 14 Tucson projects

AZRE

The Rio Nuevo Board wrapped up its last meeting of 2017 in December by reflecting on the projects that were launched and accomplished this year.

Overall, an increase in private sector investment and public-private-partnerships with the Rio Nuevo Multipurpose Facilities District and the City of Tucson has spurred a surge in commercial development and investment into Downtown Tucson. Currently, 14 projects in downtown are receiving financial support and incentives from Rio Nuevo, a Tax Increment Financing (TIF) district approved by voters in 1999 to fund and support Downtown Tucson revitalization.

That support for projects include:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.