The developer of the former Park Lane Mall site released new details on his planned $500 million mixed-use development for the site. He also asked for $3.5 million in public funding to help him bring it to reality.
After developer Chip Bowlby, owner of Reno Land Inc., presented his plans at a meeting Wednesday, the Reno City Council unanimously gave staff the go ahead to negotiate a way to give him the $3.5 million assist to reconfigure a sewage and storm drain system on the 45-acre plot of land.
Reconfiguring that infrastructure would cost the developers another $11 million total. Exactly how the city will help fund the reconfiguration is unknown. Staff will research possibilities for funding the move for a future council meeting. One proposal is that the city waive $3.5 million of the estimated $6.9 million in sewer connection fees the developer would have to pay for the project.