Recovery Zone Facility Bond finalists
- It's been a long journey for the Recovery Zone Facility Bonds, part of the larger American Recovery and Reinvestment Act. I've talked about these ad nauseam on this site so if you need to catch up go here , here, and here
Tessera and a few other projects dropped out, so who's left?
The Freight House Entertainment District, proposed by SK Baseball LLC and Nevada Lands LLC, would receive $33.6 million in tax-free bond financing to build new stuff within the Freight House District, and expect to produce 150 permanent jobs.
The Reno Eco Industrial Park, proposed by IMG Energy and Castaways Trash Hauling, would receive $72.3 million for the project I have been excited about for a while now, the materials separation plant which would allow for single-stream recycling, and the cutting edge plasma gasification plant, which would generate 85 permanent jobs and one more pin for Reno on the eco-map.
There's also a solar panel project at the airport as well.
Post your comments
Posted by: Anakin-Marc - 6/24/2010 9:45:43 PM
Tessera dropped out of the running... So does this mean that there's now a bunch of empty, abandoned motels in downtown Reno for no reason whatsoever?
Posted by: RenoSteve - 6/24/2010 9:56:35 PM
Interesting that Tessera dropped out. Like A-Mark I also noticed that several old motels on the "Besso" block bordered by 5th, 6th, Virginia and Center have recently been shuttered. That block was one that I supposed would be part of "Tessera." Very odd that the Besso family would close up shop on that block at virtually the same time that Tessera pulled out of this deal.
Posted by: doofus - 6/27/2010 7:33:38 PM
The Beso's only own 590 NVA (Reno Vulcanizing, which deserves historic designation if it doesn't already have it) and 561 and 563 Center Street. The closed motels, which have been fenced off for about a year now, are owned by Urban Development (formerly Reno Development LLC) and Brown Nevada Corporation, as is the rest of the block. Urban Development + Brown Nevada = Tessera = Nick Pavich et al. Why the City was even entertaining giving Tessara Recovery Bonds when they are a couple years behind on their property taxes is beyond me.
If frogs had wings, they wouldn't bump their asses. Tessera would be a great project if economics didn't matter.