Redevelopment Agency Board Meeting
Wednesday, January 28, 2026
Note: This summary is based on published meeting minutes.
What Happened
The Redevelopment Agency Board approved a modified agreement with the Reno Aces baseball team in a meeting with 7 board members present. Three items came before the board.
Key Decisions
APPROVED — City Manager authorized to finalize Reno Aces stadium partnership agreement — 7-0 — Commits City of Reno to $30 million in funding through 2035 to keep the Aces in Reno for 20 more years. Private ownership will invest $40 million in stadium improvements.
CONTINUED — Downtown Action Plan Implementation Progress Update — No vote count provided — Will return at a future meeting.
CONTINUED — Redevelopment Agency FY2026 Q2 Quarterly Report — No vote count provided — Will return at a future meeting.
Debated But Not Resolved
Whether final agreement should return to Council before execution — Board Member Duerr wanted to review the final signed agreement before approval, citing insufficient details on clawback provisions and default outcomes. Board Member Taylor argued the process was complete with third-party review and delay would hurt the funding timeline. Duerr stated she would support the motion despite her concerns. — The 7-0 approval moved forward without the final agreement returning to Council.
Whether home run provision should be extended — Board Member Duerr asked if the five-year home run benefit in the agreement would be extended longer. Board Member Taylor said this was handled during negotiation by the City Manager and third-party reviewer. — No confirmation provided on whether the provision was extended.
What to Watch
$30,000,000 — City of Reno's total commitment for Aces stadium partnership — Redevelopment Agency funds (RDA2 through 2035, then RDA1). City has already paid $13,000,000 to date.
$1,000,000 annually — City's default payment obligation if agreement terms are breached — Redevelopment funds only (explicitly excludes general fund).
Final Aces agreement execution — The City Manager will now finalize and sign the agreement without bringing it back to Council for a second vote. Board Member Duerr requested this step but was outvoted.
RDA funding through 2035 — The $30 million commitment shifts from RDA2 to RDA1 funds mid-stream. Watch how this transition is managed and whether it impacts other redevelopment projects.
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