By Real Estate Daily News (Photo via Pima County)
PIMA COUNTY, ARIZONA — The Pima County Board of Supervisors at its July 6 meeting voted 3-2 to approve the business plan and development agreement with Knott Development for new sports and entertainment venues and other commercial elements planned for the Kino Sports and Entertainment Complex.
The business plan outlines the project’s privately-funded financing structure and potential income from the amenities, which include an ice sports complex, field house with indoor multi-use courts, other indoor and outdoor sports and entertainment venues, parking garage, hotels, retail and dining space, a medical office building, multi-family housing, three distinct outdoor event and community plaza areas, and new connections to the Chuck Huckelberry Loop. The public-private partnership will generate revenue for the County, reduce the County’s financial risks associated with development and operation, and provide substantial regional economic development benefits.