Performance & Financial Analysis of the Rio Nuevo Multipurpose Facilities District

The Rio Nuevo Multipurpose Facilities District is a municipal tax collection district located in the downtown area of Tucson. Johnson Consulting conducted this performance and financial analysis under contract with the Auditor General. The analysis focused on evaluating (1) compliance with Arizona Revised Statutes and the District’s intergovernmental agreement with the City of Tucson; (2) district policies and procedures for prioritizing and managing construction and financing activities; (3) the District’s financial solvency; (4) the District’s capital and operating costs; and (5) the District’s multipurpose facility, the Tucson Convention Center. The consultants concluded that the Tucson Convention Center does not currently meet nationally recognized performance and design standards.