Aces refinancing deal raises questions about the future of downtown businesses

The $30 million Aces ballpark refinancing deal is scheduled to be back on the Reno City Council agenda next week. It's raising questions about whether the Aces will stay in Reno if the deal is taken off the table. One local business owner says if the Aces leave downtown, he'll follow. News 4's ashley cullins has the story.

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Paladin - 12/5/2012 10:26 AM
0 Votes
Maybe they (the business owners and the city) need to look at other uses for the park in the off season to help pay off the note and keep it in the black. What could you use the park for in the fall and winter that would generate revenue? We could make it an ice skating rink. WOW that would be one big rink!

FoolontheHill - 12/4/2012 7:24 PM
0 Votes
So, now I have to attend all the Ballgames, too, besides paying taxes? I have no problem with subsidies to redevelop the downtown. I've been to many cities that have done that successfully. I've been to the Ballpark and it is wonderful but I do not believe that a baseball team, major or minor, is a good public investment and, as I said, that is based upon all the analyses that I've seen that say the cost is more than the reurn.

Paladin - 12/4/2012 8:45 AM
0 Votes
Most cities that try to revitilize their old rundown downtown cores by creating "Haymarket" districts, subsidize most of the businesses, construction costs and start up. Its the idea of spending a nickel to make a dime. I don't think the subsidy is a bad thing as long as they have looked at the numbers and believe it is worth the long term investment. Personally, I feel every baseball fan should be in that park, filling it to capacity. We have the best AAA baseball team in the country. That is saying A LOT! WE have a hall of fame caliber manager in Butler and one of the newest and nicest parks in AAA baseball. If we support it then the city's investment will pay off in the long run and we will have the opportunity to see some great baseball.

Paladin - 12/4/2012 8:27 AM
0 Votes
It needs to come down to the bottom line, financially. Do the ballpark and the games in the summer provide the incentive for the locals and the public to patronize the other businesses downtown; restaurants, sports bars, casinos etc? Without the ballpark would we lose all those businesses and return to a blighted downtown corridor? Our downtown core cannot survive solely on gaming like it did in the 80s and 90s. We must have a more diverse draw to want people to come to Reno and to come downtown. The question for the city counsel is; are the Aces and the ballpark a big part of that and is it worth it to subsidize their operation to insure their success and ultimately downtown Reno's success?

FoolontheHill - 12/4/2012 8:00 AM
0 Votes
So, us taxpayers must subsidize Mr. Silverman's business? That talk about the Baseball Team putting Reno on the map has been used to promote EVERY publicly funded stadium and all the economic analyses I've ever seen say that it is Bushwa. For one thing, what about all the n ights that there are no games? It seems the same interests that saddled us with the costs of a Bowling Stadium and Train trench 50 years too late have stuck as with another costly deal that makes no economic sense.

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