Business and Economy

Julia Ritchey

Christmas came early for electric carmaker Faraday Future after Nevada lawmakers approved a $335-million incentive package over the weekend.  The deal is meant to breathe life into a recession-battered part of Southern Nevada.

The package clears the way for Faraday Future to begin work on a $1 billion manufacturing plant in North Las Vegas, an area Mayor John Lee says has been starved for development.

Lawmakers Hash Out A Workforce Pipeline For Faraday

Dec 18, 2015
Julia Ritchey

Lawmakers are inching closer toward a tax package today aimed at luring electric carmaker Faraday Future to North Las Vegas.  One key component to the package is a revamped workforce development program.

Reno Public Radio’s Julia Ritchey is in Carson City with the latest.

While top lawmakers have been working all Friday to resolve some sticky water rights issues, the assembly has had the even less sexy task of tackling workforce development.

Alexa Ard

No deal has emerged yet as lawmakers enter their third day negotiating a deal to bring electric carmaker Faraday Future to Clark County. 

While state officials say the plant would kick-start development in a hard-hit area, lawmakers have several issues they want ironed out.

Our reporter Julia Ritchey has been camped out in Carson City and has the latest.

 

Many lawmakers predict the tax incentive package will eventually pass, though they're less certain of when.

Fawning Over Faraday

Dec 17, 2015
Faraday Future

State officials spent Thursday trying to sell lawmakers on a bill that would lure electric carmaker Faraday Future to southern Nevada with more than $200 million in tax incentives. Reno Public Radio’s Julia Ritchey is in Carson City and has more.

Lawmakers spent last night studying two bills aimed at sealing the deal with Faraday, which is planning a $1 billion plant to recession-battered North Las Vegas.

Las Vegas Sands Corporation

The owner of the Las Vegas Review-Journal was revealed Wednesday as casino magnate Sheldon Adelson. The news came after widespread complaints about the paper's lack of transparency in not initially disclosing its ownership.

Adelson bought the organization for $140 million as print media revenue and circulation continue to decline, but why?

David Folkenflik, NPR's Media Correspondent, talked to our public radio partner KNPR in Las Vegas, noting that the purchase wasn't about turning a profit.

Faraday Talks Get Underway In Special Session

Dec 16, 2015
Alexa Ard

Nevada lawmakers will soon decide whether to grant extensive tax breaks for electric car company Faraday Future, which is planning a $1 billion factory near Las Vegas. Their special session kicked off Wednesday night and comes just a year after rival carmaker Tesla was lured to the state with its own lucrative incentives. 

Reno Public Radio's Julia Ritchey is in Carson City and tells us that many legislators have serious questions about the deal.

In the next two decades, the City of Sparks is expected to grow from about 93,000 residents to 120,000, which makes it a really good time to update the city's master plan. Reno Public Radio's Michelle Bliss has the details.

The master plan will shape a uniform vision on maintaining and improving critical services like transportation, public safety, and utilities. Some components of the current plan haven't been updated in 25 years, and a lot's changed in that time

 

Faraday Future Is Coming, Special Session Needed

Dec 10, 2015
Faraday Future

Governor Brian Sandoval has announced a tentative agreement to bring Chinese-backed electric carmaker Faraday Future's $1 billion plant to North Las Vegas.

Economic development officials and Faraday executives appeared with Governor Sandoval at a press conference Thursday in Las Vegas to share the news.

Nevada lawmakers still need to meet in special session to approve the deal, which involves $335 million in tax incentives and infrastructure improvements around the Apex Industrial Park.

ThisisReno.com

Reno City Council is considering outside legal review on its franchise agreement with Waste Management. It's a messy situation right now with council members criticizing the company on multiple fronts.

There's also a lawsuit, filed by a competing company, that's in litigation now.

Alexa Ard

All this week, Reno Public Radio has been examining overcrowding in Washoe County Schools for our series Bursting At The Seams. So far, we've talked a lot about the problem; we turn now to one possible solution: a potential ballot question that would ask voters to approve tax hikes for school infrastructure.

To learn more about that uphill battle, our News Director Michelle Bliss spoke to Tray Abney. He's with the Reno-Sparks Chamber of Commerce, which sits on the local committee in charge of that ballot question. 

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