Reno RDA advisory board backs term sheet to secure ACES, transfer stadium to Nevada Land
The Reno Redevelopment Agency advisory board unanimously recommended staff’s term sheet with Nevada Land and the Reno ACES to secure the team through 2049, require $40 million in capital investment, transfer stadium ownership to Nevada Land, and shift a $1,000,000 annual payment to the RDA rather than the city general fund.
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The City of Reno Redevelopment Agency advisory board on Jan. 26 unanimously recommended staff’s negotiated term sheet with Nevada Land and the Reno ACES, a move meant to secure the ACES franchise in Reno through 2049 and to prompt capital investment in and around the downtown stadium.
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