Board Approves Next Steps for Convention Center
The Rio Nuevo Board unanimously approved the next steps in its Tucson Convention Center revitalization project. These will advance more than $4.5M in continued information technology upgrades and meeting room additions. Outside lighting will also be upgraded to conform with Tucson’s Dark Sky Ordinance. (Source)
Rio Nuevo Approves Tightened 2021 Budget
Source: Rio Nuevo Facing a substantial reduction in next year’s revenue due to COVID-19, the Rio Nuevo Board approved a break-even budget reflecting an estimated $6M reduction in annual state tax revenue. The District has been dramatically impacted by COVID-19 related business closures and the subsequent economic slowdown. The District ended the year with a little over $6M cash on hand and has elected to hold those funds as a […]
Rio Nuevo Projects Move Forward
Source: Real Estate Daily News Work at 75 E. Broadway could soon recommence after the Rio Nuevo Board reached an agreement with the developers of the mixed-use project planned for the site. Last year, the Board learned that JE Dunn, the original developer/general contractor, wanted to transfer its ownership share to its co-developer Dabdoub Schwabe […]
Rio Nuevo Approves Bautista Investment
Source: Rio Nuevo The Rio Nuevo Board unanimously approved an investment in one of the biggest projects in the history of the District. The Bautista, a $72.5M, mixed-use development near West Cushing Street and South Linda Avenue, will include 16.5KSF of retail space, 253 residential units and a restaurant. The central plaza of the development […]
Rio Nuevo OKs 20-Story Tucson Office Plan
By AZBEX Staff for Arizona Builder’s Exchange The Rio Nuevo Board voted this week to enter negotiations on a final development agreement for what could be one of downtown Tucson’s tallest buildings. According to Rio Nuevo’s announcement, Todd Freed, VP of construction for JE Dunn Construction, told the board the potentially 300-foot-tall building his proposes […]
Rio Nuevo Wants 150KSF Mixed-Use Developer
By Roland Murphy for Arizona Builder’s Exchange A new RFP hit the street last Friday from the Rio Nuevo Multipurpose Facilities District seeking a developer to create a new mixed-use project on 0.6 acres at Broadway Boulevard between Scott and 6th avenues in Tucson. The district is looking for a minimum of an eight-story development […]