Reno Mayor Hillary Schieve believes that the Grand Sierra Resort’s request for up to $90 million in public money should qualify for tax-increment financing (TIF) as a blighted area. The project is part of a planned $1 billion redevelopment that includes an arena and other amenities. The request has drawn opposition from various local casinos and resorts who argue that the resort does not meet the criteria for TIF funding. However, Schieve argues that the area surrounding the resort is blighted and in need of revitalization.
The mayor also emphasized the importance of tourism to Reno’s economy and highlighted the potential benefits of projects that attract visitors. Schieve expressed support for using TIF to improve underserved areas, create jobs, and promote tourism. She stressed that TIF applications should include a community aspect, with a focus on affordable housing.
Schieve’s comments come as Jacobs Entertainment announced a $128 million redevelopment in the Fourth Street corridor, seeking public financing for affordable housing projects. The GSR project’s first phase includes an arena, ice rink, parking garage, and plaza area, with further phases planned. Opponents of the TIF funding argue that using public money for non-blighted areas sets a poor precedent.
No timeline has been set for a vote on the GSR’s TIF request, but a presentation on the project is expected to go before the city council soon. The GSR aims to break ground on the arena this spring/summer, contingent on TIF approval. Schieve will have a vote on the project’s funding request as a member of the Reno City Council’s Redevelopment Agency Board.
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