Housing Market Hurts Rio Nuevo
August 12, 2007
Post Tags: Tucson-Reo-Nuevo , Tucson-rio-nuevo , Tucson-the-city-of-a-1000-excuses
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Excuse me for thinking but I thought I read somewhere there was no Rio Nuevo. It is now called something else. But in yesterdays “Arizona Daily Star” it is back apparently.
From the Star:
“Several key private-sector projects meant to be the backbone of Downtown redevelopment have been stung badly by the housing market downturn and won’t be completed until at least 2009, stifling progress for Rio Nuevo.
The recent downturn is likely to push private-sector condominium projects back another two years, as at least four of the private residential projects counted on to revitalize Downtown are being delayed or substantially revamped because of the soft market”
This is one of my favorite excuses of all of the excuses I’ve heard over the years. Rio Nuevo isn’t progressing because of private-sector condominium projects put on hold.
It seems the city of Tucson should have a new theme “The City of a 1000 Excuses”.
Here is how I see the soft housing market hurting Rio Nuevo.
There is a bug dead on the sidewalk.
It has been dead for a year hanging in a spiderweb from a tree.
An ill wind blows and the bug is dislodged from the web and lands on the sidewalk.
I come along and step on the bug.
Headline “Passersby Hurts Bug While Walking on Sidewalk”
August 12th, 2007 at 10:45 pm
Ha-ha, nice allegory with the bug!;-))
Did you see in today’s paper the article about Portland? How our city officials went to visit and hopefully pick up some ideas for future development in Tucson? The only problem seems to be that we, darn Tucsonans, won’t pass any prop for additional taxes or city officials’ raises… They were lamenting how Portland’s council members get paid 94K and our poor babies get only 24K.;-) We just so don’t trust them! Not that there could possibly be any reason for that…Tucsonans are just untrusting bunch.;-) Simpleton me figures that if you can live in Sam Hughes on 24K you’re all right.;-) You know everything about budgeting - just go ahead and apply all this knowledge city-wide!;-))
November 7th, 2007 at 12:51 pm
Rio Neuvo is one of the most successful projects in Tucson’s history…I was the first person to put a property in escrow in said development. The homes are superior to anything we have in Tucson (I’ve sold real estate full time for 31 years here in Tucson). This is Tucson’s HEART…
a place where we can gather to meet face to face with other Tucson residents and celebrate our history and how fortunate we are to live in the greatest city on the planet. It would be nice if reporters would actually see this project in person rather than writing about something they have not seen or experienced. I’ve lived in a dozen states and Tucson is by far the very best place to live for numerous reasons ! ! There is enough BAD in this world to report on without creating bad news that does not even exist.
November 7th, 2007 at 6:11 pm
Mary Lou,
I couldn’t agree with you more. That is why I started this blog in the first place to counter all the negative press that comes out about real estate in Tucson.
I just loved this excuse back when it was first published. Tucson Real Estate is the reason for all the problems in Tucson or at least so it would seem according to the media.
I think if we got rid of real estate and all the people in Tucson (according to the media) all the problems would go away : )