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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. ....