More info from the Sentinel.
http://www.tucsonsentinel.com/local/...k-50m-project/
Quote:
Caterpillar moving 600 jobs, regional HQ to Tucson; Rio Nuevo to back $50M project
Taxpayers will back the $50 million project. The Rio Nuevo redevelopment district board plans to make an upfront payment of $2 million to defray the company's moving costs, and will finance, design and construct the headquarters and an attached parking garage. Caterpillar would then lease back the building. The Rio Nuevo Board is set to approve the deal at a Wednesday afternoon meeting.
Caterpillar will lease space in a county-owned building Downtown while a new structure is built on Rio Nuevo land just west of Interstate 10, officials said Tuesday.
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EDIT - Again, for comparison's sake, the TEP/Unisource building cost about $60 million.