Redevelopment Agency Advisory Board Meeting - 12-1-25

The City of Reno Redevelopment Agency Advisory Board held a meeting on December 1, 2025, focusing primarily on redevelopment projects and tax increment financing (TIF) applications. Key procurement-related discussions included the review and approval to advance a new TIF application submitted by Cold Water Capital for a $20 million multifamily housing project at 521 Lake Street. The board discussed project costs, financing gaps, parking considerations, and the timeline for due diligence and gap analysis, with a motion passed to proceed with further analysis and negotiations. Updates were also provided on other redevelopment projects totaling approximately 570 housing units in the pipeline, capital improvement projects, and placemaking events funded partly by ARPA funds. The board planned to review and prioritize potential capital improvement projects in upcoming meetings and discussed the need for improved communication and updates to the City Council regarding redevelopment activities. Additionally, the 2026 meeting schedule was approved with some flexibility for date changes.