In 2016, the company listed that property as well, but pulled it off the market later that year. Reno Land Up For Saleīy around 2014, Station Casinos had begun to sell some of its land in Reno, but kept an 89-acre parcel on Mount Rose Highway where it planned to build a casino resort. Nevada, highly dependent on its real estate and construction industries, was among the states to be hit the hardest by one of the worst economic downturns.įoreclosures soared in the state while its casino and tourism sectors were living their worst nightmare. Then the real estate bubble burst in the US and with that came the Great Recession. Following the approval, Station Casinos made a series of land purchases, including large vacant plots in the southern part of Reno.
The plan was approved by the Reno City Council in 2006. The Las Vegas-based company first announced plans to enter that market in 2005 when the Nevada economy was in a really good place.īack then, Station Casinos pitched a $500 million project that included three 225-foot-tall hotel towers with 900 rooms and suites, a casino, and retail space, among other facilities. The move could be a signal for the end of the casino operator’s effort to break into the Reno market. The future of Station Casinos in Reno seems to be a bit uncertain after the casino operator listed last week all of its land in the city for sale.
