State Street Center Update Downtown Reno
1/14/09 - STATE STREET PLAZA - It looks like the State Street project as I usually call it, has an official name...'State Street Plaza.' The residential portion of the project seems like it was replaced with office space on the upper floor. That's fine by me, the building still looks great. An official release I have reads "In a sign that the local real estate market is not all doom and gloom, MTK, Ltd., a Reno based Land Development Company, has begun construction on a 16,000 square foot
mixed-use building in downtown Reno with a scheduled completion in April 2009. Located at 170 South Virginia Street, immediately south of the Pioneer Theater, State Street Plaza is a two-story building that incorporates a number of green elements in its contemporary design, materials and quality construction. Flexible in its ability to accommodate 16,000 square feet of office or a combination of office and retail, MTK’s marketing and development consultant, Mike Perkins, feels strongly that there will be tenant demand for the space." Click picture below to see full rendering.
Comments:
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Posted by: Teresa M - 3/10/2009 9:57:25 AM
I read that it will keep 245 people employed longer to do this. I say do it just for that reason. My husband would scream for me saying that, he is one of those 'government should never help private enterprise' people. I agree more with you, DTM guy, that public/private partnerships are the key.
Posted by: MattO - 3/10/2009 3:54:00 PM
I think it's a great deal, it keeps the work going and brings some much needed retail to downtown. I think it's a fair deal as well, the city should approve. Hey Mike, what's up with a "Marriott" going in next to the ballpark, like the RGJ article mentioned or is this an error? Just wondering.
Posted by: DowntownRenoFan - 3/11/2009 1:44:56 AM
Giving them additional money is a terrible idea. What on earth have these people done to deserve so much public subsidy? Why do they deserve it more than Harrah's, or Cal Neva, or all of the neighboring land owners, or the investors who lost everything in the non-publicly subsidized downtown projects, or the business owners downtown? They don't. Unless the City is prepared to dole out the same dough across the board, I say the answer should be "NO" to any one specific party. Let them build it with their own money or not at all.
Posted by: DowntownRenoFan - 3/11/2009 2:07:07 AM
Does anyone on this board really believe if the matter of giving $500K/year more to the baseball owners, in effect for nothing in return, went to a public ballot it would win? This measure would be defeated soundly. 80 - 20, minimum. That should answer your question as to whether this should pass.
I venture to say this is such a "no brainer" and hot issue of disgust for most folks that anyone who votes for this will be defeated in the next election.
Posted by: DowntownMakeoverDude - 3/11/2009 8:26:29 AM
Hmmm I guess I look at it differently. I look at it as SK Baseball has forked over $50,000,000 of their own money for the stadium construction, they are willing to re-inburse the council for land the council was already obligated to give to them in the original deal, and this country is in the middle of a recession in which NO ONE is receiving financing for projects...so to me it's an opportunity to allow nearly 300 people to continue to be employed through the year, the team will stay in Reno at least another 5 years, and having restaurants and nightclubs around the stadium will obviously make it more appealling.
Posted by: Danica - 3/11/2009 8:47:59 AM
I tend to agree with DTM dude and MattO on this....sure, I am not happy about giving them more money to do this, but then think about the amount of people 3 night clubs and 3 restaurants would employ. People forget Herb Simon has his own restaurant labels which would undoubtedly go in the stadium.
Posted by: RenoVideoGuy - 3/11/2009 9:53:18 AM
The Reno Aces and (Company name edited out for legal reasons) are really starting out poorly in this town. Theyre offering $15/hour for video professionals to work their games. This is such a joke. The average starting wage for this type of work is $44/hour. Sounds like they dont respect the locals.