City leaders excited about possible Kings Inn sale

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Updated: 7/16 3:33 pm
RENO, Nev. (MyNews4.com & KRNV) -- A Las Vegas developer confirms he is eyeing the Kings Inn. If a deal is struck, it would be a major milestone for removing a long-time blighted building in downtown Reno.
 
The property is in escrow, but the sale has not closed yet. In real estate, nothing is a deal until the deal is closed.

That is why the developer Amador Bengochea said he feels it is too premature to say anything. He is still working on the deal. But Reno Mayor Bob Cashell and Reno's Code Enforcement Team are more than thrilled about the possiblity.

The property sits in the heart of downtown, on Third Street at the intersection of West Street. The property hit on hard times in the late 70's, and was closed in the 80's. It has remained abandoned and an eyesore ever since.

When Cashell took office 12 years ago, he made the Kings Inn a campaign promise, putting it on a hit list. He said he has been in contact with the developer. "I keep needling him and telling him, 'OK, now you gotta get this done and closed in 120 days,' cause that is how long I'm going to be here."

Coming up on News 4 at 5, we will look at what the Mayor and others have to say about this developer, and what this would mean for downtown Reno, if it happens.
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freedomrings - 7/16/2014 5:44 PM
0 Votes
And that would be exactly what the owner of those motels is hoping for. But,there is actually 7 motels, 1 small house, and Harry's business machines located on that block.

RetiredUSArmy - 7/16/2014 4:57 PM
1 Vote
It would help Downtown Reno allot, however with the 4 other motels on that same street there is a problem, transient type Motels which bring in the street walkers across from the Sands...They need to get rid of those motels and put something else up, maybe enlarging the Kings Inn and additional parking. With those motels there it wouldn't help the Kings.
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