Rio Nuevo funds downtown projects despite deficit
The Rio Nuevo Board approved funding for several projects at its March 10 meeting, despite a revenue shortfall that has left the district with about 10% of its expected income this fiscal year.
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The Rio Nuevo Board approved funding for several projects at its March 10 meeting, despite a revenue shortfall that has left the district with about 10% of its expected income this fiscal year.
The Rio Nuevo District board heard proposals for affordable housing solutions and several new businesses at its Feb. 24 meeting, as the district works to shape the future of downtown Tucson.
Ante una fuerte caída en los ingresos por impuestos sobre las ventas minoristas, la junta de Rio Nuevo aprobó la financiación de un centro de bienestar mientras revisa importantes proyectos de desarrollo y la propuesta de expansión de una tienda de bagels.
Facing a sharp drop in retail sales-tax revenue, the Rio Nuevo board approved funding for a wellness studio while reviewing major development projects and a proposed bagel shop expansion.
Rio Nuevo is considering funding requests from two downtown wellness businesses as board members weigh budget constraints and sales tax potential.