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Rio Nuevo offers incentives to lure unnamed company to downtown Tucson

Posted by   /  April 26, 2019  /  No Comments

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By Gabriela Rico | Arizona Daily Star

A publicly traded company that could bring as many as 350 new jobs is eyeing a move into downtown Tucson, and the Rio Nuevo Multipurpose Facilities District is offering incentives to lure them here.

On a unanimous vote, the board agreed to give the unnamed company 150 parking spaces for five years and then charge half-price for those spaces five years after that. If a lease is signed of at least 10 years, Rio Nuevo would subsidize six months of rent, capped at $24.50 per square foot.

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  • Published: 4 weeks ago on April 26, 2019
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  • Last Modified: April 26, 2019 @ 9:38 am
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