Macquarie Asset Management, on behalf of investors, has contributed $250 million in long-term financing to enable the development of Phase 1 of the Mosaic Quarter Sports Complex in Tucson.
Phase 1 will include a professional-grade iceplex with three rinks and seating for around 3,000 people, as well as a multipurpose indoor sports facility and events space to support a wide variety of sports, including basketball, volleyball and soccer. The facility will feature on-site energy generation including an initial 1-megawatt solar installation, as well as stormwater-harvesting infrastructure.
After forecasted completion of Phase 1 in 2027, Mosaic Quarter is projected to support around 2,000 community jobs and generate $8.3 billion of new local economic impact for the State of Arizona, City of Tucson and Regional Transportation Authority
The financing was structured as a credit tenant loan (CTL), underpinned by a long-dated agreement with Pima County. This enables the
