The Aces ownership Nevada Land group which includes real estate mogul Herb Simon is currently looking to restructure its agreement with the City of Reno over the $50 million publicly funded and privately owned Greater Nevada Field, including acquiring ownership of the stadium in exchange for not leaving the Biggest Little City and investing in the stadium area.
This is part of negotiations concerning the current deal which has a non-relocation commitment for the Aces currently expiring years before the team’s lease on the stadium.
Reno is still paying about $1 million a year for the stadium’s construction which was partially funded by a rental car tax surcharge in Washoe County and tied to tax increment financing for downtown projects…