Downtown's largest project waiting for federal approval - Tucson News Now

Downtown's largest project waiting for federal approval

TUCSON, AZ (Tucson News Now) -

Tucson city officials and local developer Peach Properties are still waiting to hear from the Federal Transit Authority for approval of the $150 million Ronstadt Transit Center in downtown.

It will be the largest single project ever in downtown.

Peach Properties was chosen in 2015 to develop the property after presenting the winning design which includes 300 living units, retail, commercial and hotel components.

But because it still contained a transit component, in part because of FTA financing, it still needs FTA approval. It was hoped that approval would come quickly, but it still has not and no one has been told when it will or if it will.

That leaves a lot of people hanging.

The city of Tucson has approved the development plans however there may need to be tweaks depending on the approved FTA plans. It must also receive final approval from the mayor and city council but they have indicated support.

The CEO of Peach Properties said the financing is in place at advantageous interest rates.

Construction costs are historically low.

Whether the delay is the function of a new administration is the matter of conjecture.

The FTA has put on hold or canceled several projects nationwide but whether the Ronstadt project is one of those isn't known.

"This will be the crown jewel downtown," Ward III council member Karin Uhlich said at the time of the announcement.

RTC Brochure by Tucson News Now on Scribd

Not everyone is upset about the delay however.

For those who live on the top floors of the Martin Luther King public housing, who have unfettered views, the wait can take a bit longer.

"Well, that will block just about any view I have in that direction," said Sean Watts, who lives on the top floor.

In response to an email, the FTA said it will get back with an update on the project "soon."

MOBILE USERS: Download the Tucson News Now app for Apple and Android devices.

Copyright 2017 Tucson News Now. All rights reserved.

  • Local newsMore>>

  • BREAKING: Police investigate homicide on Tucson's east side

    BREAKING: Police investigate homicide on Tucson's east side

    Sunday, June 25 2017 1:17 AM EDT2017-06-25 05:17:01 GMT

    Tucson Police said a man died, and a homicide investigation is underway on the east side. TPD Sergeant Kimberly Bay said it happened Saturday night in the 2300 block of South Saddleback Ave, near Golf Links, east of Pantano. TPD did not immediately release information on a suspect. Tucson News Now has a crew heading to the scene, and will post updates as they become available. MOBILE USERS: Download our app on your Apple and Android devices. Copyright ...

    Tucson Police said a man died, and a homicide investigation is underway on the east side. TPD Sergeant Kimberly Bay said it happened Saturday night in the 2300 block of South Saddleback Ave, near Golf Links, east of Pantano. TPD did not immediately release information on a suspect. Tucson News Now has a crew heading to the scene, and will post updates as they become available. MOBILE USERS: Download our app on your Apple and Android devices. Copyright ...

  • Crowds pray for rain at annual El Dia de San Juan fiesta

    Crowds pray for rain at annual El Dia de San Juan fiesta

    Saturday, June 24 2017 11:46 PM EDT2017-06-25 03:46:16 GMT
    The community came together when they heard the annual tradition might be canceled (Source: Tucson News Now).The community came together when they heard the annual tradition might be canceled (Source: Tucson News Now).

    On Saturday night dozens of people gathered for the annual welcoming of the Monsoon. It’s the celebration of El Dia de San Juan held near downtown Tucson.

    On Saturday night dozens of people gathered for the annual welcoming of the Monsoon. It’s the celebration of El Dia de San Juan held near downtown Tucson. “I would love the rain right now!” attendee, Ana Karina Rodriguez said.

  • Crew shares bird's-eye video, Frye Fire nearly 30% contained

    Crew shares bird's-eye video, Frye Fire nearly 30% contained

    Saturday, June 24 2017 11:00 PM EDT2017-06-25 03:00:26 GMT
    Fire crews said the flames have burned in a mosaic pattern around the Heliograph Communication Site (Source: Frye Fire).Fire crews said the flames have burned in a mosaic pattern around the Heliograph Communication Site (Source: Frye Fire).

    Crews fighting the Frye Fire near Mount Graham have made progress battling the flames, according to an update from the incident management team. The fire, which has burned more than 29,000 acres, was sparked by a lightning strike on June 7.

    Crews fighting the Frye Fire near Mount Graham have made progress battling the flames, according to an update from the incident management team. The fire, which has burned more than 29,000 acres, was sparked by a lightning strike on June 7.

Powered by Frankly