City Council Assigns Greyhound Lease to Rio Nuevo

The Mayor and Tucson City Council yesterday approved an agreement with Rio Nuevo that will pave the way for a downtown hotel project by relocating the Greyhound station to an as-yet-unknown site. The agreement lets Rio Nuevo take over as landlord of the temporary Greyhound bus station, which currently sits on the site of the proposed hotel development.

The agreement expedites the relocation of the station, allows Rio Nuevo to close on the sale of its part of the site to developer Nor-Generations, and allows the developer to move more quickly on construction. Nor-Generations plans to develop an 8.5-acre site along Granada Avenue, east of Interstate 10 and north of Cushing Street. The roughly $100 million project would include a hotel, apartment complex, retails shops, and museums. The developer also plans to build a 120,000-square-foot exhibition hall on property it owns next to the hotel site.

Read more from the Arizona Daily Star.
Read the agenda materials.