You are here:  Home  >  Real Estate  >  Current Article

Rio Nuevo approves $65M Tucson Convention Center reno plan

Posted by   /  August 19, 2019  /  No Comments

    Print       Email
Courtesy of Rio Nuevo / AZBEX


At an August 13th special meeting, the Rio Nuevo Board of Directors unanimously approved a $65M improvement plan for the Tucson Convention Center and surrounding campus, including the Tucson Music Hall, Leo Rich Theater and the Eckbo Plaza and Fountain. Rio Nuevo officials will now solicit bids and select a contractor for the project.

The board also voted to proceed with a $126M financing plan that will earmark about $70M for the renovations and any contingency costs that could emerge, and refinance nearly $48M in debt for the Rio Nuevo district. The funds will also establish an $8M debt service reserve.

The TCC renovation plan is 20 years in the making. Rio Nuevo was created in 1999 with a mission to revitalize downtown Tucson, including the Convention Center, which was built in 1971.


    Print       Email
  • Published: 11 months ago on August 19, 2019
  • Posted by:
  • Last Modified: August 19, 2019 @ 10:46 am
  • Filed Under: Real Estate
  • Tagged With:

Leave a Reply

You might also like...

Belfiore: Unprecedented jump in home sales

Read More →