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Jan 15
2009

Council Delays Decision on Money for Retail Phase

Posted by Erik F in SK Baseball , finance , city council , ballpark district

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.

Related: Phase 2 Renderings Presented to City Council

Jan 15
2009

Phase 2 Renderings Presented to City Council

Posted by Erik F in SK Baseball , retail , finance , city council , architecture

pic_rendering_090114_478.jpg

SK Baseball released renderings of the ballpark project's proposed retail portion, presented to the Reno City Council January 14 as part of their effort to convince the city to help them finance this part of the project.

See all the renderings in the Photo Gallery.

The press release:

SK Baseball today revealed its newest set of renderings, illustrating the state-of-the-art downtown ballpark and its accompanying entertainment district.
 
The ballpark, located at the corner of 2nd and Evans in the heart of downtown Reno, represents the first phase in a multi-tiered project from SK Baseball. The stadium is being constructed at an unprecedented pace, and the facility is on schedule for the Reno Aces’ April 17 home opener vs. the Salt Lake Bees, Triple-A Affiliate of the Los Angeles Angels of Anaheim.
 
The supplementary entertainment district will feature three restaurants—one encompassing the historic freight house—, three nightclubs and an outdoor events plaza in front of the stadium. Much of the entertainment district’s infrastructure is already in place, and the final product will culminate in one of the finest fan experiences in all of professional sports.
 
The latest renderings released from SK Baseball include detailed depictions of the entire complex, including views from inside both sides of the ballpark, street-level landscapes and interior vantage points from several sections of the entertainment district.
 
“We’re very passionate about this entire project, so it’s gratifying to share these renderings with the entire City of Reno,” said SK Baseball Managing Partner Stuart Katzoff. “The ballpark is literally being built before our eyes and is nearing completion, but these artist renderings will let us share our vision of the downtown entertainment district with the residents of this city.”

Jan 13
2009

Ballpark Developers Want $1M More From City

Posted by Erik F in SK Baseball , finance , developers , construction , ballpark district

From rgj.com:

SK Baseball and Nevada Land are asking the Reno City Council today to turn over up to $1 million a year in redevelopment property taxes so that it can start building an entertainment district next to its baseball stadium.

In a letter from developer Jerry Katzoff, he is asking Mayor Bob Cashell to commit the money so that it can get financing to build the infrastructure for three restaurants, three nightclubs and an outdoor events plaza in front of the stadium on East Second Street. The actual buildings, he said, would be opened within 24 months.

“Increases in the construction costs of the Triple A Baseball Stadium along with the costs of developing the Freight House District Entertainment buildings have pushed our original $60 million budget to over $80 million,” Katzoff said.

[...]

Councilwoman Jessica Sferrazza said the extra money may be needed to avoid laying off five or six agency staffers. “A deal is a deal,” she said.

Cashell said he suspects the council will postpone making a decision today. An initial legal opinion, according to a city staff report, says the council may not be able to commit future City Councils to paying developers up to $1 million a year.

SK Baseball has responded to the story with this press release:

SK Baseball is currently working with Reno City Council to seek assistance in financing the much-anticipated downtown entertainment district, which will include three restaurants, three nightclubs and an outdoor events plaza in front of the stadium. The discussions with City Council are not related to the epicenter of the project, a state-of-the-art ballpark, because finances are already secure for the stadium, and the ballpark will be ready for Triple-A Baseball on its scheduled opening date of April 17.
 
Given the existing credit and overall economic climate in the country, financing is not available through traditional means. Thus, SK Baseball is asking the City to support its efforts to ensure the entertainment district is opened efficiently and to the highest quality.
 
“Since we’ve compiled a tremendous construction team to build the stadium, and much of the infrastructure for the entertainment complex has already been built, it only makes logical sense to continue and complete the entertainment complex at this time,” said SK Baseball Managing Partner Stuart Katzoff. “It’s a clear economies of scale issue.”

Jun 06
2008

Idle Speculation: Naming the Ballpark

Posted by Erik F in team name , marketing , finance , ballpark

As we await the results of the team naming contest, our thoughts naturally turn to the other burning denominational question: What's the ballpark going to be called?

Will one of Reno's corporate behemoths pony up for naming rights? Think IGT, Sierra Pacific, Renown, Microsoft Licensing (ugh!), Intuit or Amazon. Perhaps one of our many gaming concerns will dig a few mil out of the couch cushions? (Yes, it's allowed. Fresno's stadium is named after an Indian casino.) We could have Peppermill Park or Grand Sierra Stadium.

I've got a new poll called "Predict the ballpark name," for which I'm sure I'll get hate email from people who still think I'm being serious about these things (Tucson Sidewinders of Reno, anyone?).

Your choices are as follows (the actual poll is in the left-hand column of the page; scroll down if you don't see it):

  • Diamonds Casino Diamond
  • IGT's. Wheel. Of. Fortune. Field.
  • Mayor Bob Ballyard ("The Bob")
  • Microsoft Licensing Field featuring Windows Media Player 11
  • Moana Stadium Mark 2
  • Poppin' Jalapeño Doritos presents Stephen Colbert Field
  • Reno Sparks Park
  • ReTrac Ballpark at the Train Trench
  • Sierra Pacific PowerPark!
  • Washoe Med... I Mean Renown Stadium
  • Whitewater Park
  • YESCO Yard 

Don't like my suggestions? Register your own in the comments. Or don't. The heck with you, then.

Apr 09
2008

D. Brian Burghart Responds

Posted by Erik F in worst persons , media coverage , groundbreaking , finance , developers , construction , ballpark

On his new blog, Mr. Burghart, editor of the Reno News & Review, replied to my post (RN&R: The Worst ‘Worst of’ Ever) criticizing his paper's editorial about the Reno Gazette-Journal's editorial praising the groundbreaking for the ballpark as a "new day." As his post is dated March 7, I apologize to Brian for not visiting his blog sooner.

He raises some valid questions. It's unfortunate he chose not to do so in his obscene RN&R piece. In fact, his blog post would have made a much better editorial, but he chose to waste those column inches on a juvenile attack on the RGJ.

Mr. Burghart throws down the gauntlet:

So, since you’ve taken on the role of “mouthpiece” for the ballpark, why don’t you answer these questions before you rush to the defense of a smoke-and-mirrors magic trick and a conflicted newspaper’s whored-out editorial staff?

Oh, it's on now, mister.

Q. Have you ever heard of a groundbreaking for a government construction project taking place without full funding or a contractor in place?

Devcon Construction sign at Reno ballpark siteA. Well, as city spokesperson Terri Hendry pointed out in her voicemail to you, it's not really a government project. I grant you that the "groundbreaking" was something of a publicity stunt to blunt the natural public skepticism that this project would ever get done. There's no question that Reno has had its share of out-of-town developers swooping in and promising the moon, then delivering squat. It's all the more sensitive given the public monies committed.

There has been progress however:

  • Demolition of the River Apartments and the Freight House train shed is complete.
  • Downtown Makeover reports Reno redevelopment director Mark Lewis told the Citizens' Advisory Committee that the developers have tapped Devcon Construction as general contractor, and indeed, Devcon signs have gone up on the site.

Q. And while we’re asking questions, since Northern Nevadans have not supported semi-pro or collegiate baseball for a very long time, where are these fans supposed to come from?

A. It's unfair to conflate "semi-pro or collegiate baseball" with Triple-A baseball, which is a decidedly superior product in both talent and presentation.

If we are to believe the RGJ, "[m]ore than 1,300 season-ticket reservations… have been made since construction began Feb. 25." Given that depositors had to plunk down $105 for the privilege, and that the team has yet to advertise (aside from the free publicity of the groundbreaking), I'd say that's a pretty good indicator of initial fan support.

You forget that Reno supported the Class-A Silver Sox/Padres from 1955 to 1992. The team moved away not because of poor attendance (they drew 105,346 in their final year), but rather because the city council refused to renovate a crumbling Moana Stadium. Heck, even the AA-equivalent Chukars drew more than 52,000 at Moana in their first season (1996), despite having no major-league affiliation, a substandard facility for even A-ball, a smaller population base, and no talent to speak of. The "new" Silver Sox have drawn so-so at UNR's bare-bones Peccole Park (fourth in the independent Golden League at 1,291 per game in 2007).

The key to sustaining fan interest is quality. The Sidewinders' affiliation with the Arizona Diamondbacks practically guarantees a fine on-field product. Whether the stadium will measure up is an open question, but I am hopeful SK Baseball will deliver on that front as well.

Q. And how about this: Where is the plan for keeping the seats filled at that stadium? Has the university been approached to hold baseball games at the new stadium? How many college tournaments is our stadium scheduled to host? And hey, wouldn’t it have been a great idea to build a multi-use facility that could have soccer and concerts and football and what-have-you?

A. You're joking about that last part, right? Major league teams have been knocking down or abandoning multi-purpose parks east and west: D.C., San Francisco, St. Louis, Pittsburgh, Philly, Cincinnati, Atlanta, Houston, Baltimore, Denver, New York (Shea), Seattle. Multi-purpose parks are jacks-of-all-trades, masters of none, and soulless relics not sorely missed. They suck for baseball.

The developers have spoken of holding concerts in the ballpark, but the venue will be unsuitable for outdoor events half the year regardless.

Q. Here’s the enabling legislation from the 2003 Nevada Legislature. Be sure and follow the link at the bottom. Why don’t you take a look for whether that car rental tax money can be used to build anything but a baseball stadium, its parking and required buildings? So where’s the money for relocating the fire station or the bus station supposed to come from? I guess since this money is constrained to build a baseball stadium, a multi-use facility that could actually make a return on investment goes out the window. This reminds me of designing the bowling stadium as a single-use facility. I wonder what else this stadium will have in common with that boondoggle.

A. The bowling stadium is a boondoggle because it's not open to the public. Bowling is not a spectator sport. It's not even a sport. Comparing it to baseball is silly.

As for the bus station, it was in the works long before the baseball stadium, and isn't part of the deal anyway. Like its Sparks sibling, 80% of the RTC 4th Street Station's construction funding is coming from the feds, and that money can't be used to build anything but a transit facility. There's nothing unusual about tax money being limited to building certain types of projects.

Here's the relevant definition from the legislation you cite (emphasis mine):

“Minor league baseball stadium project” means a baseball stadium which can be used for the home games of an AA or AAA minor league professional baseball team and for other purposes, including structures, buildings and other improvements and equipment therefor, parking facilities, and all other appurtenances necessary, useful or desirable for a minor league baseball stadium, including, without limitation, all types of property therefor.

Sounds open to a pretty broad interpretation.

The city asked for and received a $10 million loan from the developers to move the fire station. It turned out to be a wholly inadequate sum, and those "temporary" replacement stations will still be in use 20 years from now. The firefighters definitely got the short straw in this deal.

And yes, Brian, I misspelled Keith's first name. I apologize to Mr. Olbermann for that, too, and I shall refrain from pointing out that you added an extraneous apostrophe to "shows" in your very first blog post.

So, big guy, you're the poo-poo head. Nanny-nanny-billy-goat! (Runs away.)

Jan 31
2008

City $17M Short on Fire Station

Posted by Erik F in fire station , finance , construction , city council

Susan Voyles reports on RGJ's website that "[t]o stretch a $10 million loan from baseball stadium developers to finance relocating the downtown fire station, the Reno City Council agreed Wednesday to make two planned temporary stations last 20 years rather than five."

Stadium developers agreed to loan the city $10 million for relocation of Fire Station No.1, which is in the way of the new ballpark. The tab for building the "temporary" stations is $3.5 million, with an additional $1.5 million charged to moving the computer information department to City Hall, and $5 million to buy land for the new permanent downtown station.

The upshot: no money left to actually build that station. According to the RGJ story, "Councilman Dave Aiazzi estimated building the new station could cost another $17 million."

The council will ask the baseball folks for more time to vacate the station. No word on how that might impact the scheduled mid-February groundbreaking.

Jan 22
2008

Groundbreaking, Fire Station Updates

Posted by Erik F in updates , fire station , finance , construction , ballpark

RGJ reports, "[a] ground-breaking for the stadium had been planned for early February but has been moved to mid-February to accommodate the developers." No reason given for the delay.

The same story also notes that while progress is being made on the temporary fire station(s) front, that doesn't mean those stations will get built any time soon, or indeed, at all.

"There are lots of issues," [Reno Redevelopment Agency administrator Mark] Lewis said but would not be specific. "We're still trying to come up with the best way to do this."

"The Best Way" could mean not building any temporary stations and instead moving personnel and equipment from Fire Station No. 1 to other existing permanent stations. Commenter "fireman," who apparently works at the downtown station, wrote this on the CAC meeting update thread:

Here's the very latest. We were told today [January 17] that there will be no temporary stations for now (if any) and the we must vacate this station by feburary 28 or maybe mid march at the latest. So where do we and your fire protection go, you might ask?

Basically the are going to shut the station down and place all the firefighters and trucks in other outlying stations.

  • Engine 1 will go to Station 10 (by the Bonanza)--With at least a 9 min response time into Downtown
  • Truck 1 will goto Station 2 on sutro by Hug high
  • Rescue 1 will goto station 4 on ralston by UNR.

How are we going to be able to provide the citizens and visitors of Reno with adequate Emergency Medical Services and Fire Protection?

WE'RE NOT.

The soonest we might see a "temporary Station"? June 2008 at the earliest at a cost of over 1.5 million for one butler building and trailer. Good thing we diverted the money away from 10 north Virginia to build that trench cover. That trench cover might even be built before our "temporary Stations."

When your strolling, driving, or just living Downtown in a few months, do it carefully. Be safe.

And when you need us we'll get there as fast as we can.

In other news, the $32 million bond sale backed by the car rental tax will not take place "until the market improves." Wonder how long that's supposed to take.

Nov 21
2007

County Approves Baseball Bonds

Posted by Erik F in SK Baseball , finance , ballpark

Last night on a unanimous vote, the Washoe County Commission approved issuing up to $32 million in revenue bonds backed by car rental taxes. Proceeds from the December 4 bond sale would be available to the developers by December 18.

According to the RGJ, county finance director John Sherman said he expects to sell only $28.2 million of the $32 million authorized.

The bonds have maturities of between 41 and 50 years, but Sherman said he expects they will be paid off in 28 years using proceeds from the Rental Car Tax passed for the express purpose of paying for the baseball stadium. No general tax revenue will be used.

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Obligatory Poll

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