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Sparks Redevelopment Agency approves $10 million purchase of 7.8‑acre Marina Gateway parcel for potential future city hall
Summary
The Sparks Redevelopment Agency voted unanimously to buy a 7.8‑acre parcel at 650 Marina Gateway Drive from Oakmont Properties Azure LLC for $10 million. Staff framed the purchase as consistent with the Redevelopment Area 2 plan and a way to secure land for a potential future city hall without using general fund dollars or issuing new city debt.
The Sparks Redevelopment Agency approved a purchase and sale agreement (SRA‑AC‑334) on Aug. 25 to buy 650 Marina Gateway Drive, a 7.8‑acre parcel in Redevelopment Area 2, for $10,000,000. The motion passed unanimously among agency members present.
Jim Rundle, community services director, told the agency the parcel aligns with a redevelopment plan adopted in 1999 intended to eliminate blight and encourage investment in the Marina district. "This purchase could address the city's aging infrastructure. It supports long term growth and use a dedicated redevelopment funds without…
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