The Reno Redevelopment Agency, which is made up of city council members, unanimously approved a tax-increment financing plan Wednesday, Dec. 3 for a 200-unit workforce housing project.

The Grand Sierra Resort project was the most recent tax-increment financing application to be approved. Now, there’s a new TIF plan in the works.

The parcel on the corner of Commercial Row and Sutro Street lies partially underneath the Wells Avenue overpass along the city's former train tracks.

Reno revitalization manager Bryan McArdle says the property is under a sales agreement with California-based developer, Valeo, made in 2021, that will only go through if all surrounding parcels can be assembled. The Waste Management transfer center is the remaining parcel on the property that is being negotiated

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