Business Beat: Skateboarding Is Making A Comeback, Hospital Buys Former Casino
Here’s the latest business news from around Northern Nevada, with Business Beat from the Northern Nevada Business Weekly.
Demand For Mountain Bikes, Skateboards Ramps Up
After a year of quarantines and social distancing, many are looking for some fresh air and new excitement. That’s led to a nationwide mountain bike shortage, which is having an impact on Lake Tahoe-area bike shops. Shop owners say they’re still waiting on bikes they ordered in early 2020. Until they get more in stock, they are relying on rentals to get them through.
While bikes may be hard to come by, skateboards haven’t been. Reno and Carson-based skate shops say they’ve been seeing a ramp up in sales. Shop owners say there’s been a mix of new interest in the sport, including more girls and women, as well as experienced skaters who moved here from California.
By the end of 2020, skateboard sales had jumped 75% compared with 2019, according to Action Watch, a research firm for the skate and surf industries.
Tech Company Relocating Headquarters To Reno
The Truckee Meadows has landed another tech company. Dynepic announced that it is in the process of relocating its headquarters to Reno.
Dynepic started as a toy company that allows children to play with digitally connected toys with their friends while protecting their personally identifiable information. It now has a contract with the U.S. Air Force, which wants to use the firm’s secure digital infrastructure in augmented reality and virtual reality training.
Former Casino Finds Unlikely Buyer: A Hospital
Barton Health is buying the former Lakeside Inn and Casino in Stateline for $13.3 million.
In a statement, Barton Health said it purchased the property to expand access to medical care in the region. The hospital already operates an urgent care clinic across the street.
The casino announced last April that it would not reopen, even after coronavirus restrictions were lifted.
Kaleb Roedel is a KUNR contributor and reporter with the Northern Nevada Business Weekly. For more business news, check out the Northern Nevada Business Weekly at nnbw.com or in print on Wednesdays.