First, NOTE THE LOCATION CHANGE. This meeting will not be in its usual location at City Hall in the 7th floor caucus room.
For those wondering what's up with West Street Market, you need to go to this meeting. This will provide a sneak peek of the recomendations that will go to the city council in their next meeting.
West Street Market is in a precarious position right now. Due in part to the economy, West Street Market in the winter time has morphed from an urban market to more of a social gathering place, with numerous concerts at Se7en Teahouse. While this wasn't quite the concept proposed to the Redevelopment Agency, there simply isn't a 'market' right now for an upscale downtown urban market. So, the Redevelopment Agency Advisory Board will be meeting to discuss the future of West Street Market, and what it should be.
From Agenda: UPDATE, DISCUSSION AND POTENTIAL DIRECTION TO STAFF REGARDING THE FUTURE DEVELOPMENT OF THE WEST STREET MARKET, INCLUDING THE POSSIBILITY OF ALLOWING A CABARET/NIGHT CLUB USE.
Update from RGJ (thanks Mike M!):
It hasn’t hit RJG online yet, but from today’s print version:
“Because the economy has changed so much, the vision for a market seems not to be doable. There’s not the demand,” said John Hester, Reno Redevelopment Agency administrator. The market is not making enough to cover the lease, and Hester’s staff now is researching whether the agency can get out of a 10-year lease. The agency has lost $178,817 on the market so far this fiscal year, which ends June.”
Hester said options to be presented to the Redevelopment Advisory Board on Tuesday include:
- Continuing to operate the market, with or without a nightclub
- Using the space instead as an incubator to subsidize not-for-profit businesses such as Arttown.
- Close the market entirely.”