Connect

Dashboard

New Search X

December 2009

Found 1 blog entry for December 2009.

dayskyline_706

The recession has hit downtown Reno in a crazy way and the trend is not exactly what Reno officials were looking for. They were working for a mix of housing, shops and restaurants to help the faultering casino industry. The reason for the downturn in casino gaming is the Indian casinos in California which are just about three hours away.

 

The problem is the elephant in the room, which was Nevada's real estate crash. Reno's downtown condo market has floundered.  The biggest project downtown is the Montage which has 377 units and sits nearly empty and has been put on the auction block. There are some other condo projects downtown that are still selling units, like the Palladio. They think the idea of all the condo projects downtown was a great idea but

2,113 Views, 0 Comments