Reno Aces stadium refinance deal approved

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 11/08/2012 2:29 pm

RENO, Nev. (AP) — Despite some concerns the city can't afford it, the Reno City Council has narrowly agreed to spend $1 million on a refinancing deal for the Reno Aces baseball park to make sure the Triple A team don't leave town.

The council voted 4-3 Wednesday to take the money from the general fund to refinance a $55 million construction loan used to build the riverfront stadium, which opened in 2008.

Backers say the home to the Arizona Diamondbacks Pacific Coast League affiliate is a boost to nearby businesses as well as Reno's quality of life.

Critics say it's a luxury at a time the city is still struggling to pay police and firefighters.

Under the new deal, the Aces can't leave Reno for 30 years as long as payments are current.


Information from: Reno Gazette-Journal,


©2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!

Featured Segments/Shows

All content © Copyright 2015 Intermountain West Communications, LLC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.