5/12/09 - In tomorrow's City Council/Redevelopment Meeting the board will discuss and provide potential direction to staff regarding a Memorandum of Understanding (MOU) among the Redevelopment Agency, the City of Reno, and the University of Nevada, Reno for future development of property of mutual interest within RDA 2. RDA2 is the second, younger district of Reno's two redevelopment districts. RDA1 encompasses most of downtown Reno.
A Memorandum of Understanding among the The CIty, the Redevelopment Agency (“RDA”) and the University of Nevada, Reno (“UNR”) is proposed to guide negotiations with the ultimate intent to collaborate on the development of land located between North Sierra Street and Evans Avenue and Ninth and Eighth Streets, also referred to in City documents as The Gateway Site. With the successful conclusion of discussions under the auspices of the Memorandum of Understanding, the Agency Board and the City of Reno will be asked, at a later date, to enter into a Definitive Agreement with the University of Nevada, Reno to assist a proposed development potentially utilizing various financial and entitlement tools available to the Redevelopment Agency and the City of Reno.
There is no word yet on a definitive project, other than it is to be some kind of 'gateway' to UNR. I am guessing any real groundbreaking would be at least a couple years away, considering the position that UNR is in right now, but maybe we'll learn more details about what they are envisioning sooner than later.
During the term of the Memorandum of Understanding the following activities will take place: