Rio Nuevo Update: Sale of Rialto Theatre finalized and other business
At its April 22, 2015 meeting, the Rio Nuevo District Board unanimously agreed to complete the sale of the Rialto Theatre to the Rialto Foundation for $1.3 million; more than its appraised value. The Board intends to repurpose those funds into other downtown projects, hopefully leveraging the sales proceeds with other private developers. In other action, […]
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