Redevelopment Agency Advisory Board Regular Meeting
Monday, June 1, 2026
Note: This summary is based on the meeting packet (minutes and transcript were unavailable or not used).
What Happened
The Redevelopment Agency Advisory Board approved $876,368.49 in funding for 25 downtown business and infrastructure projects at its June 1 meeting.
Key Decisions
APPROVED — Slainte Beatha LLC RDA 2 project — $97,359.00 in RDA funds
APPROVED — Byington Building RDA 1 project at 201 N Virginia Street — $97,000.00 in RDA funds
APPROVED — Best Bet Mart and Patio RDA 2 project — $95,882.00 in RDA funds
APPROVED — Jupiter Red RDA 2 project — $56,015.00 in RDA funds
APPROVED — The Morris-Morris Event Space RDA 2 project — $50,000.00 in RDA funds
APPROVED — Cal Neva RDA 1 project — $50,000.00 in RDA funds
APPROVED — Dead Ringer Analog Bar RDA 2 project — $25,589.00 in RDA funds
APPROVED — El Cortez RDA 1 project at 239 West 2nd Street — $25,689.00 in RDA funds
APPROVED — 651 E. 4th Street RDA 2 project — $26,255.00 in RDA funds
APPROVED — Battle Born Properties LLC RDA 1 project — $45,434.00 in RDA funds
APPROVED — 229 N Virginia Horseshoe Sign RDA 1 project — $43,300.00 in RDA funds
APPROVED — 15 additional downtown projects totaling $63,785.49 in RDA funds
Debated But Not Resolved
Parking Gallery operational restructuring — Staff presented an operational assessment of the 1993 Reno Parking Gallery (built with $12.5 million in RDA bonded debt) and asked the board for input on restructuring, utilization strategy, rate adjustments, and implementation — Board to provide direction at a future meeting.
Buckster, LLC ground lease proposal — Unsolicited letter of intent from Buckster, LLC dba The Eddy for ground lease with option to purchase City-owned property (APN 011-606-04) at $1.00 per year and adjacent RDA property (APN 011-606-05) — No due diligence, financial analysis, market analysis, site feasibility review, infrastructure analysis, flooding review, appraisal, legal review, or negotiations completed; board sought recommendations on how to proceed.
What to Watch
$97,359.00 — Slainte Beatha LLC RDA 2 project — RDA funds
$97,000.00 — Byington Building RDA 1 project at 201 N Virginia Street — RDA funds
$95,882.00 — Best Bet Mart and Patio RDA 2 project — RDA funds
$56,015.00 — Jupiter Red RDA 2 project — RDA funds
$50,000.00 — The Morris-Morris Event Space RDA 2 project — RDA funds
$50,000.00 — Cal Neva RDA 1 project — RDA funds
Parking Gallery financial restructuring — Board will determine strategy for rate adjustments and operational changes to the city's $12.5 million parking facility. Decision affects both revenue and public access.
Buckster, LLC lease negotiation — Before any lease or purchase agreement moves forward, staff must complete due diligence including financial analysis, appraisal, legal review, and infrastructure assessment of the City Plaza property.
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