Reno’s Grand Sierra Resort Redevelopment Project Approved
Reno’s Grand Sierra Resort (GSR) is set to undergo a transformative $1 billion redevelopment project after the Reno Redevelopment Agency Board approved tax-increment financing in a 5-2 vote. The initiative includes a striking $435 million arena, with a 10,000-capacity venue aimed to host Nevada men’s basketball games starting in fall 2027.
Athletic Director Stephanie Rempe emphasized the significance of this moment for Northern Nevada, expressing gratitude to community leaders and stakeholders for their roles in bringing this ambitious project to life. She noted the facility would elevate Nevada Athletics, making the region a prominent destination for college sports.
Men’s basketball coach Steve Alford hailed the decision as a pivotal move for the program, crucial for remaining competitive in a shifting landscape. Alford praised the support from GSR owner Alex Meruelo.
Meruelo characterized the initiative as a defining moment for Reno, highlighting its potential to reshape the community through comprehensive investment in housing, infrastructure, and entertainment. He expressed appreciation for the partnership with local leaders and the community’s belief in the project, aiming to foster lasting economic and social benefits for Northern Nevada. Groundbreaking is set for next month, with an anticipated opening in summer 2027.
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