Business and Economy

Future Of Park Lane Property Looks Bright

Oct 21, 2016

Company officials with Reno Land Inc. recently presented their plans to redevelop the former site of Park Lane Mall. Our contributor Brook Bentley of the Northern Nevada Business Weekly has the details. 

Chip Bowlby, managing partner for the firm, says their plan includes housing, retail, restaurants, and professional offices.

NNBW

MedMen, a marijuana management and capital firm based in Los Angeles, broke ground on a new production and cultivation facility this month in Washoe County. Our contributor Brook Bentley of the Northern Nevada Business Weekly has the details. 

The 45,000-square-foot operation east of Sparks is opening next year and will cost $15 million. It's the firm’s first project in Nevada and is expected to produce 10,000 pounds of cannabis each year.

Alexa Ard

The Nevada State Assembly is currently in session, considering a plan for a new NFL stadium in Las Vegas that would use $750 million worth of public funds.

Steve Hill is the chairman of the Southern Nevada Tourism and Infrastructure Committee. He says the stadium project is estimated to cost $1.9 billion and if that number runs higher, the developers will be on the hook for the additional cost.

Assemblyman Ira Hansen, who represents Northern Nevada’s Assembly District 32, questions Hill about what happens if the project comes in at a lower cost.

Alexa Ard

The Nevada legislature will convene Thursday to continue evaluating a large public funding package for a new NFL stadium in Las Vegas. Joe Schoenmann with KNPR's State of Nevada joins our News Director Michelle Billman to share the latest.

The Nevada State Senate voted on Tuesday to forge ahead with a plan to provide $750 million of public money to a stadium that may house the NFL’s Raiders.

Zawadisha

Female entrepreneurship is on the rise globally. And with the female-founded software company CAEK moving its headquarters to Reno this year, the topic is getting more attention across the region.

Huge Stadium Deal Passes State Senate

Oct 11, 2016
Alexa Ard

A bill to raise hotel taxes to fund an NFL stadium and a convention center expansion has crossed its first hurdle in the Nevada Legislature.

The Nevada Senate voted 16-5 Tuesday to approve the measure. Democratic opponents have said they oppose putting public funds to a project backed by billionaire casino mogul Sheldon Adelson, while Republican opponents are against raising taxes.

State Sen. Ruben Kihuen, a Democrat from Las Vegas who is running for Congress, voted against the measure and spoke out against it Tuesday.

Affordable Senior Housing Breaks Ground In South Reno

Oct 11, 2016
Annie Conway / NNBW

A new affordable housing project for seniors broke ground in Reno this week. Our contributor Brook Bentley of Northern Nevada Business Weekly reports.

Vintage Housing and GreenStreet Companies held a ground-breaking ceremony for Vintage at The Crossings, a 230-unit senior apartment complex. The project marks the first large-scale affordable housing project to break ground in a decade.

Lawmakers Question The Economics Of Stadium Deal

Oct 10, 2016
Alexa Ard

Lawmakers are in Carson City right now as part of a special session. It's to determine whether or not hotel taxes along the Las Vegas Strip should be increased to raise money for a football stadium in Southern Nevada, as well as to expand the Las Vegas Convention Center. With more, here's Casey Morell from our sister station KNPR in Las Vegas.

The tax increase would break down like this: half a percentage point would go the new convention center expansion and .88 percent would go to the football stadium.

David Lofink / Flickr, CC BY 2.0

Small business employment across Nevada reached an all-time high during the first quarter of 2016. Reno Public Radio’s Noah Glick has more on the latest numbers.

Nevada has officially regained the job numbers lost during the recession, both in total and small business employment. That’s according to the most recent data from the Nevada Department of Employment, Training and Rehabilitation.

Bill Anderson is chief economist for the state and he says the growth has been broad-based, meaning he’s seeing increased employment across all economic sectors.

Noah Glick

The Reno-Tahoe International Airport recently launched new air service to Long Beach, California. Soon the airport will add flights to Dallas Love Field and Atlanta, Georgia.

Reno Public Radio’s Noah Glick explores what these non-stop flights mean for the region.

@twitter

Twitter is finally offering some wiggle room on its signature limit of 140 characters per tweet. Now, users can add certain items, like photos, polls, quote tweets, and videos without having those attachments run down their precious character counts.

Carson City Opens First Medical Marijuana Dispensary

Oct 1, 2016
Brad Coman / Nevada Appeal

Carson City’s first medical marijuana dispensary is set to open this month. Our contributor Brook Bentley of the Northern Nevada Business Weekly has the story.

Reno Biz Profile: Capstak, Inc.

Oct 1, 2016
Annie Conway / NNBW

A company called Capstak announced this week that it's relocating its headquarters to downtown Reno. As more details emerge, let's check in with our contributor Brook Bentley of the Northern Nevada Business Weekly.

Capstak is an online meeting platform for commercial real estate professionals. It helps them find deals, source capital and identify both business partners and service providers.

The Historic Transformation Of Downtown Carson City

Sep 24, 2016
Northern Nevada Business Weekly

Throughout the past several months, Carson City’s downtown corridor has been under a flurry of construction in efforts to revitalize and improve the area. Our contributor Brook Bentley of the Northern Nevada Business Weekly has the details.

 

Dan Moyle / CC BY 2.0

Reno’s affordable housing challenges coincide with a national trend, and the city must develop a strategy on how to tackle the issue. That was the message presented to Reno City Council at a recent affordable housing workshop. Our reporter Bob Conrad was there and has the story.

Meet One Of Tesla's Neighbors: Fulcrum BioEnergy

Sep 21, 2016
Fulcrum BioEnergy

We hear a lot about the gigafactory being built in the Tahoe-Reno Industrial Center outside Sparks, but today we're profiling one of Tesla's future neighbors. The company is called Fulcrum BioEnergy and our contributor Brook Bentley of the Northern Nevada Business Weekly has more.

Alexa Ard

The city of Reno is getting closer to bringing a professional minor league hockey team to town. Reno Public Radio’s Noah Glick reports.

During last week’s city council meeting, the council voted unanimously to enter into an exclusive negotiating agreement among the city, the Reno-Sparks Convention and Visitors Authority and Reno Puck Club, LLC.

ThisisReno.com

Washoe County Manager John Slaughter said that while he is cautiously optimistic about the region’s economic future, the county is increasing its reserves in case there's another economic downtown in the future. He made the comments at this year's annual state of the county address. Reno Public Radio's Bob Conrad was there and has more.

Slaughter says that growth and development will get a sharp look in the near future. One of the county’s two bill-draft requests for the next legislative session will include an examination of regional planning legislation.

Female Software Startup Heading To Reno

Sep 15, 2016
Northern Nevada Business Weekly

Next month, a software company called CAEK, pronounced "cake," will be moving its headquarters to downtown Reno where they expect to hire 150 new employees over the next five years. To learn more about what the company does, let's turn to our contributor Brook Bentley of the Northern Nevada Business Weekly.

Northern Nevada Business Weekly

A new hotel in downtown Reno held its grand opening last night. It's a Courtyard by Marriott located near the Aces baseball stadium and the Truckee River.

Reporter Brook Bentley with our media partner Northern Nevada Business Weekly says the opening represents a larger shift in downtown accommodations.

"The Courtyard by Marriott is joining the trend with properties like the Whitney Peak Hotel and the Renaissance Marriott in being non-gaming  facilities located in downtown Reno," Bentley explains.

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