The owners of the Reno Aces (Class AAA; Pacific Coast League) say they want to refinance debt on Aces Ballpark before some big payments are due in 2014 — and are threatening to pull the team if Washoe County won’t cooperate. Some big names in the real-estate development world own the Aces and the privately […]
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Ballpark financial issues hit Reno
A decrease in property values in the area and an assessment that Aces Ballpark is now worth less than half the construction price is forcing Reno to pay $1 million this year in subsidies to its developer, the Reno Aces (Class AAA; Pacific Coast League) — and that payment may need to be repeated annually […]