The Arizona Daily Star published an important article discussing the Rio Nuevo board and its lack of effort to support affordable housing projects in its district. Here are some points about the challenges the RN District faces for supporting affordable housing:
- For the downtown area, affordable housing projects are at odds with the AZ State legislature because legislature requires RN projects to generate sales tax and affordable housing does not.
- Affordable housing could include a mixed-use development, however, most developers are not familiar with retail portions due to the fact of it being considered risky.
- Downtown parking could be a challenge for mixed-use projects if people think it is inconvenient and parking is not on the premises. (Imo, downtown has always been about parking in garages and walking around anyways).
Also mentioned in the article:
A project in Los Angeles where an affordable housing project was approved with a COSTCO on the ground retail portion. That project was expensive, but COSTCO is a profitable business. That sort of project in downtown Tucson would be challenging to lure for sure.
The Stone and Speedway apartment is moving forward and will have a non-profit fresh food and meat market. (This is not RN district)
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