Saying they wanted to show things are moving forward on downtown redevelopment, members of Tucson’s City Council Aug. 6 approved a plan to sell $453 million worth of bonds in four installments over the next six years to pay for various projects.
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The Rio Nuevo tax increment financing district will pay for the bonds.
Here’s the basic plan for the four sales:
• 2008 - $73.2 million of which $17.3 million is for a westside parking garage for Tucson Origins, $13.6 million for a parking garage for the Depot Plaza, $10 million for Cushing Street bridge to Tucson Origins, $9 million for Clark Street Interstate 10 underpass, $7 million on infrastructure, $5.4 million for remediation of a westside landfill, $3.6 million to pay off refinancing of the bond on the Fox Theatre renovation, $3 million each for Mission San Agustín and Arizona History Museum, and $1.2 million to begin the Children’s Museum.
• 2009 — $112.5 million includes $65 million for the University of Arizona’s Science Center, $34 million for infrastructure focusing mainly on the Tucson Convention Center, a hotel and new arena and in barrios Viejo and Sin Nombre, $11 million for Mission San Augustin, $2 million more for Arizona History Museum and $500,000 to start a westside library.
• 2010 — $91 million includes $50 million for a new arena, $20 million for the convention center and parking, $11 million for Mission San Augustin and $10 million for infrastructure.
• 2014 — $177 million includes $60 million to complete the UA Science Center, $40 million each to complete the Arizona History Museum and arena, $12 million for infrastructure, $10 million for parking, $8.8 million to complete the Children’s Museum, $4.5 million to complete a westside library and $2 million for parking at the Tucson Museum of Art.








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