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Silver Peak, City of Reno Continue to Play Hardball

From NNBW: Redevelopment Agency is not backing down off Silver Peak deal, cites 'responsibility to taxpayers' in negotiating deal with Silver Peak. So far, no agreement.



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Posted by: Renoite (lifetimer) - 3/18/2010 5:17:26 PM
The City should kiss Silver Peak's butt on this matter. There would barely BE a "downtown" without this anchor. No brainer.

Posted by: DevonS - 3/18/2010 5:38:13 PM
I agree with the first comment. But I also wonder if Great Basin Brewery would up and leave downtown Sparks just because it found a better lease. If Silver Peak abandoned downtown knowing full well it would be the proverbial nail in the coffin, the last straw for downtown, it would tell me something about whoever runs that business. It would tell me to go straight to Brew Brothers or Great Basin from now on. You don't abandon your post in the middle of the war. There is something to be said about the word commitment. Why are they questioning relocating when they are doing fine in the spot they're in?

Posted by: Anakin-Marc - 3/18/2010 5:54:22 PM
This brings back memories of the closure of Cavanaugh's Furniture. Wasn't there an issue with them regarding the City being unwilling to renegotiate with regards to the lease or something of that nature? If so, I guess the City wants an empty first floor for the parking garage...

Posted by: doofus - 3/18/2010 6:11:54 PM
Business is business. Sometimes you are negotiating from a position of power, sometime weakness. I hope Reno recognizes that they drew the short hand this time, and will negotiate with Silver Peak in a reasoned manner. There are tons of places Silver Peak could relocate to in the north river area in a heartbeat. Woolworth's, Penny's, Long's/RiteAid/CVS, Ruth's Chris, or just about anywhere in the 200 block of Sierra Street they chose. Get smart on this one, Reno.

Posted by: Bugsy - 3/18/2010 8:07:42 PM
Since this is a betting town, Im putting my money on the city screwing this up. This is the same city that blew the downtown Longs deal because of a few slot machines. Downtown has thousands of slot machines and the city screwed up (what was the begining of bigger retail downtown) because of only 10 slot machines! This is the city Silver Peak has to deal with!

Posted by: Mjay - 3/27/2010 9:30:04 AM
The city can afford to play hardball, too. If Silver Peak wants to leave the best spot in downtown Reno, how long do you think it would take someone else, say BJ's at the Summit, to move in?

Posted by: Francine Burge - 3/28/2010 8:53:32 AM
Business is busiess, except when you're looking at such an anchor location. I hope that the city can recognize the value of a local business in that spot over a chain restrnt. Don't make downtown generic.

Posted by: Anakin-Marc - 3/28/2010 8:58:42 PM
To state that the city should just let a *local* business leave the downtown core in favor of a chain from Southern California is misguided at best. For a fairly large city, the population of Reno seems to be more close knit than some other places I've visited and lived at. If a locally-owned establishment is displaced, the the City no less, in favor of a chain, I don't see good things resulting from that...

Posted by: Ed Mellick - 4/12/2010 9:38:17 PM
The city needs to realize there are only two kinds of businesses downtown: "Ones that are out of business and ones that are going to be out of business" They need to kiss their butt to hold them, only a fool would come back to that spot in this dying overspeculated non job city. Look at that prime spot at Arlinton and 1st; still empty, everyone lost it there so why would this be any different.

Posted by: Downtownmakeover Dude - 4/13/2010 10:30:25 AM
From what I hear Ed, there is a group interested in that space. A mysterious 'Restaurant LLC' company sent a letter out to all the Arlington Tower residents asking what kind of restaurant they would like to see in that space. Then I heard from two other sources it's the owner of some place called The Grille that is eying the location. That's just pure rumor though...I mean, there's still a For Lease up so until that comes down I always remain skeptical.

Posted by: Mike - 4/29/2010 2:16:59 AM
I was under the assumption they were moving into the ground floor of the old harrahs building ?

Posted by: Anakin-Marc - 4/29/2010 1:59:11 PM
I don't think it's the same thing. Across from the ballpark, they're planning on a pizzeria (correct me if I'm wrong), not what they have in downtown already. Same owner an company, but different business concept.

Posted by: remano - 5/11/2010 12:31:14 PM
I just noticed a sign on the new location - "Coming Soon. Slice Peak, Pizza and Pints." I don't know if that name will stick, it sounds kind of awkward to me.


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