The Mayor and Tucson City Council Tuesday night approved a new lease agreement with the Tucson Airport Authority (TAA). Mayor Jonathan Rothschild highlighted several important components of the new lease, including TAA's agreement to invest in infrastructure for revenue-producing projects to attract manufacturers and distributors. The new agreement also provides a safety buffer for Raytheon at no cost to the City, a move that satisfies part of the 2009 annexation agreement with the company. Additionally, all new and renewing tenants will have to agree to a clause to be annexed, leading to increased tax revenue for Tucson. Watch a replay of the Mayor and Council meeting on Tucson 12 and read more from the Arizona Daily Star.
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