RENO, Nev. (News 4 & Fox 11) — A long-stalled downtown Reno development appears to be back on track after the original development group repurchased the property following foreclosure.
The Las Vegas–based developer, CAI Investments, previously pursued two major Reno projects that ultimately fell through: The former Harrah’s Casino property and the 1.3-acre lot near Trinity Episcopal Church and the Reno Justice Court.
In 2022, city leaders unveiled the riverfront project with significant fanfare, but it soon unraveled amid a dispute over a sewer line, project delays, and ultimately a lender foreclosure…