The Reno Redevelopment Agency was created in 1983 and serves as the economic development arm of the City of Reno. The Redevelopment Agency has the power to: buy private property for resale; reallocate property and sales tax increment in order to finance the redevelopment program of the community; and use other incentives to foster redevelopment of blighted properties.
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Two Redevelopment Project Areas funded with property tax increment revenues exist within the City of Reno:
Redevelopment Project Area 1 (District 1), created in 1983, covers a large portion of downtown. View the map!
Redevelopment Project Area 2 (District 2), created in 2005, covers additional portions of downtown, portions of South Virginia Street, East Fourth Street and a number of noncontiguous areas. View the map!
Three tourism improvement districts funded with sales tax increment revenues, sometimes referred to as STAR bond districts, exists within the City of Reno:
The Redevelopment Agency is also responsible for the Parking Gallery and the West Street Market.
Redevelopment policies and projects are reviewed by an advisory board, the Redevelopment Agency Advisory Board or RAAB, which provides recommendations to the Redevelopment Agency Board. The Board is comprised of the Reno City Council and the RAAB Chairperson who serves as an exofficio member. For more information, please see the Redevelopment Agency Advisory Board By-laws.