By Joe Ferguson for Arizona Daily Star

The Tucson City Council signaled Tuesday night that they would sign off on millions of dollars in incentives to remodel long-closed Hotel Arizona in downtown Tucson.

The HSL Properties-owned hotel, at the corner of West Congress Street at South Granada Avenue, has been closed since 2012. Under the plan it would receive a $45M facelift with plans to re-open it as a 296-room Hyatt Regency-branded luxury hotel in early 2021.

For its part, the city would give the developers up to $1.85M through a set of tax breaks over eight years.

The Rio Nuevo Multipurpose Facilities District has also pledged to give several million dollars in tax incentives in a multi-year deal to HSL properties to redevelop the hotel.

Read more at Arizona Daily Star.