At the start of the March meeting last year, Chairman Fletcher McCusker noted that Rio Nuevo has enabled 25 new restaurants to open in downtown Tucson and predicted the
TUCSON, Ariz. — A new café for the Tucson Children's Museum is one of five restaurant funding requests that Rio Nuevo has advanced.“The sales tax impact from these new restaurants has helped to double the tax base since the State took over the Rio Nuevo District in 2012,” McCusker said."Our focus on food and beverage alongside an entertainment district is paying huge dividends in sales tax.
The Board noted that the original Rio Nuevo effort supported not just the Children's Museum but also a number of other downtown museums, but unfortunately those efforts came to a stop when the state took the tax district away from city control. The Board welcomed the focus on retail, food, and beverage and unanimously approved to invest less than $500,000.
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