Yes Alicia, it is heartbreaking. By adding parking spaces they have added substantially to the valuation to the properties, with minimal investment expense and maximum flexibility for future development of whatever kind.. They use the Reno properties to beef up their balance sheet and reduce their interest rates on their borrowing for construction in more promising venues. It's Business Plan versus City Plan writ large. The City of Reno is the loser over and over again. Self-inflicted wounds?
So very sad, the whole dang mess. It is infuriating to listen to Gordon at council meetings where he barely contains his disdain for the members. Every time I see that concrete ugly mess of a “resort” I hear Schieve’s comment she made at one meeting about Jacobs “we have to believe he’s a good guy.” Ughh
Yes Alicia, it is heartbreaking. By adding parking spaces they have added substantially to the valuation to the properties, with minimal investment expense and maximum flexibility for future development of whatever kind.. They use the Reno properties to beef up their balance sheet and reduce their interest rates on their borrowing for construction in more promising venues. It's Business Plan versus City Plan writ large. The City of Reno is the loser over and over again. Self-inflicted wounds?
So very sad, the whole dang mess. It is infuriating to listen to Gordon at council meetings where he barely contains his disdain for the members. Every time I see that concrete ugly mess of a “resort” I hear Schieve’s comment she made at one meeting about Jacobs “we have to believe he’s a good guy.” Ughh