Rio Nuevo Authorizes $7,000,000 Financing
At its August 30th meeting, the Rio Nuevo Board unanimously authorized its legal counsel to work with the executive officers to finalize two financing packages; one for $5,000,000 and one for $2,000,000. The money raised would fund the Board's commitments to the AC Marriot Garage and the new Greyhound Terminal and thereby freeing-up as much as $7,000,000 of Rio Nuevo funds for use on other projects. Final approval will depend on the offers submitted including interest rates, fees and term.
Organization: Rio Nuevo
Contact: Michele Bettini, 520-623-7336
August 31, 2016