The city of Tucson has removed itself from the business of developing an extension of the downtown area west of Interstate 10 after eight years. For $1.2 million, Rio Nuevo is buying out the city’s stake in a 2008 development agreement with The Gadsden Co. to do projects on land south of Congress Street and west of Interstate 10 and the Santa Cruz River.
With city out of Gadsden deal, Rio Nuevo will expand Mercado
