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The Reno City Council voted to let staff continue working on a proposed development agreement with Jacobs Entertainment to redevelop downtown’s West Fourth Street corridor, which includes millions of dollars in potential subsidies for the project.
The motion for the Reno Neon Line district passed on Wednesday amid several questions as well as confusion among some council members about what the proposed development agreement entails. Councilwoman Jenny Brekhus was the lone “no” vote.
The city council vote is not an approval of the development agreement but simply keeps the process moving as staff and council members continue looking into about a dozen requests from Jacobs.
The owner of the Sands Regency hotel-casino is requesting a dozen incentives from the city of Reno as part of the downtown Neon Line project, including millions of dollars in discounts to purchase city-owned property and a large chunk of future tax revenue as part of a proposed new tax district.
The Reno Neon Line is an ambitious redevelopment project that aims to turn the West Fourth Street corridor into a tourist destination while adding new housing. Plans for the district that were included in the proposal to the city by Jacobs Entertainment include between 2,000 to 3,000 residential units; entertainment venues such as a 6,000-seat, open-air amphitheater; commercial retail; a plaza and green space; and several art installations that include Burning Man sculptures.
Homeowners’ Suit of Reno Over Flooding Now in U.S. Court March 11, 2021
Dozens of residents who are suing the city of Reno over the flooding of their homes in 2017 are moving to federal court in a complex case that could cost taxpayers millions of dollars.
The move comes as the city’s related appeal to the Nevada Supreme Court is pending, the Reno Gazette Journal reports.
Lemmon Valley residents who filed a class-action suit won a jury verdict in Washoe County District Court in 2019 that determined Reno was responsible for the dramatic flooding that left their homes north of town under water for years.
Lawsuit Against Reno Over Flooding of Homes Now in U.S. Court March 11, 2021
RENO, Nev. (AP) Dozens of residents who are suing the city of Reno over the flooding of their homes in 2017 are moving to federal court in a complex case that could cost taxpayers millions of dollars.
The move comes as the city’s related appeal to the Nevada Supreme Court is pending, the Reno Gazette Journal reports.
Lemmon Valley residents who filed a class-action suit won a jury verdict in Washoe County District Court in 2019 that determined Reno was responsible for the dramatic flooding that left their homes north of town under water for years.