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Jan 15
2009
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From the RGJ:
The Reno City Council agreed Wednesday to postpone consideration at the Katzoffs’ request until later this month or February. Some council members have considered new shops, restaurants and entertainment venues as important to revitalize downtown as the stadium.
Under the current contract, SK Baseball and Nevada Land, owned by Simon and the Katzoffs, are entitled to up to $2 million a year in property taxes from new development in the baseball district for 20 years. They now want the city to guarantee a $1 million a year starting this year to soothe their financial backers.
More from Downtown Makeover:
Stuart [Katzoff] started to speak, and was abruptly cut off by Mayor Cashell who simply and pointedly asked "Let me ask you one question, are you gonna finish the baseball stadium?" That prompted Katzoff to dispel rumors and media reports that this has to do with the actual ballpark itself. That deal is done, the stadium is being built, and no additional money is being asked for that.




