Unlocking Capital
FOR YOUR NEXT DEVELOPMENT PROJECT
Conduit Bond Financing
The Tucson IDA has issued over $1.2B in taxable and tax-exempt bond financing since 1979.
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We help structure and deliver financing that brings projects to life—efficiently, professionally, and at lower cost of capital.
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Our team partners with you from application through closing and groundbreaking, ensuring a smooth and successful process.
Real Estate Opportunities
The Tucson IDA owns a number of properties that are ready for development.
Take a look and let us know if your project idea might be a fit for purchase, co-development, or ground-lease.
BLOCK 175
Block 175 is the future site of an urban Class ‘A’ mixed-use development nestled in the heart of Tucson’s downtown. Future tenants at Block 175 will have the opportunity to appeal to the live, work, and play lifestyle of the modern urbanite leveraging downtown’s continually growing list of unique eateries and trendy nightlife options. With over 30 projects currently planned or in development, downtown Tucson is projected to grow its retail, office, and flex space by more than 750,000 square feet to accommodate for the unprecedented demand and future growth of the area.
BLOCK 174
Located at the northwest corner of Stone Avenue and Council Street, Block 174 is a high-potential 0.47-acre site zoned OCR-2 with optional IID overlay flexibility. Positioned in the heart of downtown Tucson, this property supports dense mixed-use development up to 300 feet in height and a floor area ratio of 10.5. The site is within an Archaeological Sensitivity Zone and has undergone Phase I environmental review, with no active contamination issues identified.
257 N Stone
Located on Stone Ave, 257 N Stone is a 3,080 square foot commercial space with 8 dedicated parking spots, directly adjecent to Block 174 which is also owned by the Tucson IDA.
Our Process
We strive to be strong working partners with developers interested in building quality projects in Tucson, whether on our property or across the community, while maintaining clarity and transparency in our processes.
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You can review our full real estate processes and procedures here.
Applicants to buy or ground-lease land will provide the following information to the Tucson IDA, including but not limited to:
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Project narrative/description
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Concept site plan sketch
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Concept pro forma
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Operational plan, if applicable
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Proposed project schedule
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Proof of financial stability
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Biographical information, resumes, licenses, certifications, etc.
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References
Proposals shall be reviewed by the Property Development Committee (PDC), which may request additional information, conduct additional due diligence, and meet with the applicant at its discretion.
Recommendation made by the Property Development Committee will reviewed by our Board.
Meetings are open to the public and dates and times are listed here.
Contact
Dre Thompson, CEO
dre@tucsonida.org
Incentives & Grants
A variety of economic development programs to help support great projects in Tucson including TIFs, overlays, and grant programs for developers.
Primary Jobs Incentive
The Primary Jobs Incentive assists Tucson in its efforts to bring quality jobs and investment into the region. The incentive provides up to a 100% reimbursement of a portion of City construction sales tax to qualifying expenses such as the project’s public infrastructure improvements, offsets to impact fees, and/or job-training.
Affordable Housing Predevelopment Loan Fund
The Arizona Community Foundation Predevelopment fund was established in 2007 to jump-start the development of affordable housing projects throughout Arizona. Loans from this fund primarily address obstacles faced by nonprofit developers in relation to up-front predevelopment costs that are necessary to secure permanent financing.
Innovative Clean Energy Loan Guarantees
This federal program provides access to debt capital for large-scale energy projects that use innovative technology.
Projects using technology that has not been deployed at commercial-scale often face difficultly accessing debt from private lenders because the technology does not have a history of commercial operation.
Site-Specific Sale Tax Incentive
The Site Specific Sales Tax Incentive supports retail projects that would not otherwise locate in the City of Tucson. For qualified businesses, the City may apply project-generated tax revenues to qualifying public expenses such as job training or public infrastructure improvements. The project must be a retail project.
Brownfields Grant
Brownfields are abandoned, idled, or under-used property where expansion or redevelopment is complicated by real or perceived contamination. The land may be contaminated by hazardous waste or pollution but can be reused once the land has been thoroughly cleaned up. The Brownfields Program in Tucson seeks to reclaim these brownfields to redevelop them into productive private or public property for re-use.
Sunshine Mile Urban Overlay District
The Sunshine Mile is an iconic and historic area of Tucson on Broadway Boulevard east of downtown. It is a vibrant district for commerce and culture: currently being injected with fresh life.
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The district fall within the Rio Nuevo TIF district and includes incentives and tools for infill redevelopment.
Downtown Infill Incentive District
The Infill Incentive District, or IID for short, is the land use tool that has facilitated much of the development in the greater downtown area. It provides zoning overlays and incentives to encourage transit-oriented development, affordable housing, high-density infill development in Downtown Tucson
Tucson Norte-Sur
Tucson Norte-Sur is a plan that will work with Tucson communities to identify opportunities for equitable reinvestment and access along a future 15-mile long North-South High Capacity Transit (HCT) corridor connecting the Tucson Mall on the northside to downtown Tucson and to the Tucson Airport on the southside.
Grant Road Land Use Planning
The GRID is an overlay zone, which is a regulatory tool that creates a special zoning district placed over the existing zoning. This special zoning district provides provisions in addition to the existing zoning to allow for developmental flexibility and site specific solutions to redevelopment.