Rio Nuevo Board

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Rio Nuevo Takes Next Steps to Refinance $80 Million Bond

At its August 25th meeting the Rio Nuevo Board unanimously agreed to move toward refinancing the last bond issued by the city controlled District in 2008.  The District’s financial advisors indicated that the refinancing could save $5.4 million of interest over the next ten years.  Attorneys for the District were authorized to seek the required […]

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Rio Nuevo Approves Budget 2016 and Fox Theatre Agreement

Last week, the Rio Nuevo Board approved its budget for the fiscal year that begins July 1, 2015. The budget includes expenses of $10,245,294, slightly more than the prior year’s expenses of $10,193,848. Staff was awarded a 2.5% salary increase and the remaining increase is primarily in marketing dollars spent on projects designed to drive customers into

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