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Rio Nuevo approves its own stimulus plan for businesses

Posted by   /  April 13, 2020  /  Real Estate  /  No Comments

Real Estate Daily News TUCSON, Ariz. – During its April 8th meeting, the Rio Nuevo Board authorized a new grant program, up to $2.5 million, for small businesses within the district’s TIF boundaries, downtown and along Broadway, that need some economic relief to manage through the COVID 19 crisis. The goal is to get money […]

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2019 Arizona Auditor General report: Rio Nuevo accomplishments ‘exceptional’

Posted by   /  December 4, 2019  /  Real Estate  /  No Comments

The Bautista, proposed $72M, mixed-use project, Rio Nuevo. / File photo Real Estate Daily News An audit report commissioned by Arizona’s Auditor General called Rio Nuevo’s accomplishments during the past three years “truly exceptional” in its 2019 audit of the District. According to the report, which was released Friday, Nov. 29, 2019: “There has been […]

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Rio Nuevo approves investment in $72M Bautista project

Posted by   /  November 25, 2019  /  Real Estate  /  No Comments

Rio Nuevo rendering. / File photo Real Estate Daily News The Rio Nuevo Board unanimously approved an investment in one of the biggest projects in the history of the District. The Bautista, a $72.5 million, mixed-use development near West Cushing Street and South Linda Avenue, will include 16,500-square-feet of retail space, 253 residential units and […]

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Rio Nuevo hears plans for riverfront project

Posted by   /  October 29, 2019  /  Real Estate  /  No Comments

Courtesy of Rio Nuevo / AZBEX AZBEX Source: Rio Nuevo Adam Weinstein, president and CEO of The Gadsden Company, asked the Rio Nuevo Board to help finance The Bautista, a $72M, mixed-use project on the West Side. When completed, the Bautista will sit along what will soon be a year-round flowing section of the Santa Cruz River. This mid-rise […]

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Rio Nuevo moves ahead with $50 million TCC renovation

Posted by   /  November 28, 2018  /  Real Estate  /  No Comments

  By Karen Schutte | Real Estate Daily News The Rio Nuevo downtown facilities district, which oversees the operation of the convention center, its arena, music hall and theatre, is proposing a $50 million renovation. The Rio Nuevo Board of Directors unanimously agreed to solicit bids to finance up to $50 million in capital improvement projects […]

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Rio Nuevo gives green light to hotel boom in downtown Tucson

Posted by   /  October 26, 2018  /  Real Estate  /  No Comments

  By Karen Schutte | Real Estate Daily News The Rio Nuevo development district is moving ahead on five (yes five!) hotel projects that will add almost 600 additional rooms in Downtown Tucson. One is on the Tucson Convention Center Campus and is a Hilton branded hotel (170 rooms) being developed by Caliber Co. Another is […]

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Ducey signs bill extending tax incentives for Rio Nuevo

Posted by   /  April 20, 2018  /  Government and Politics, Real Estate  /  No Comments

Rio Nuevo

By Soutrik Das | Arizona Business Daily The Tucson Metro Chamber conveyed its gratitude to Gov. Doug Ducey and state Rep. Mark Finchem (R-Tucson) for their leadership in passing House Bill 2456, which extended tax incentives for Rio Nuevo to 2035. Rio Nuevo is a Tax Increment Financing district in Tucson. The public financing method is used […]

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Rio Nuevo approves deal for major downtown project

Posted by   /  January 29, 2015  /  Dealmaker, Real Estate  /  No Comments

Rio Nuevo

By Darren DaRonco | Arizona Daily Star An 8.5-acre dirt lot near the Tucson Convention Center could finally see some life. The Rio Nuevo Board unanimously approved a contract for Allan Norville, manager of Nor-Generations, to purchase and develop the parcel along Granada Avenue, east of Interstate 10 and north of Cushing Street. The vote […]

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