Reno 2026 is a plan which addresses key areas of issues facing the city and provides practical solutions that the current city council and mayor have not considered. My goal is to resolve long-standing problems which many you have read about in the news, and even more that have not been made public. Please take a look and take it into consideration. Thank you for your time. -Eddie
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Start Paying Down Reno’s One Billion Dollar Debt in 2026
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The Homeless Shelter and Ballpark Issue
Paying Down Reno’s One Billion Dollar Debt by 2026
Did you know that this city is in debt over one billion dollars while owning hundreds of millions of dollars’ worth of CITY OWNED SURPLUS PROPERTIES?
My plan, while we are in an economic upswing is to:
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Sell off all city-owned surplus properties—this will accomplish the following:
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Pay down the one billion dollar debt while saving the principle and high interest payments by retiring the bond and servicing debt.
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Create infill development, which is the cheapest form of development because you have your infrastructure in place which includes your roads, sewer, power, police and fire which in turn brings housing costs down, which lowers the costs of homes and rent.
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As a side note, reducing costs of homeownership and rentals is accomplished by bringing more housing onto the market which increases supply, answering the current extreme high demand. As an example, this year Reno’s rental market had only a two percent availability which caused rental prices to skyrocket.
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Creating a blight initiative clean up program through development. The build out from blighted properties formerly owned by the city will allow for the city to no longer be liable for these properties, have to pay insurance on said properties, be responsible to clean them up, and free up city employees to work on parks and other needed city maintenance and services without having to hire new personnel.
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Generate revenue without raising taxes or creating new ones. Putting these surplus properties on the tax rolls, which will be a change because these properties currently do not generate revenue because the city does not pay taxes on city-owned property. This will generate millions of dollars of surplus revenue without raising taxes while also creating funding for much-needed infrastructure which includes increasing sewer capacity and fixing our roads, as well as opening closed fire stations, and put more police on the streets. In addition to the revenue raised by these properties as just stated, the costs which are currently incurred from our city’s debt will be gone and the amount now going to debt payment will become revenue instead of an expense. This will amount to millions of dollars of surplus funding to go to programs actually needed by the city.
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Help stop the subsidizing of billionaires and be more responsible for your tax dollars. Millions of dollars have been given to the owners of the Aces ballpark which is a privately-owned business that this council decided to subsidize a million dollars a year. 3.6 million dollars has been approved to give to developers of the Park Lane Mall Development, which is also a private business, out of the City of Reno’s sewer fund which is financed by the public. These are just two examples, and both donate to the campaigns of current council members. On top of this, Reno’s city council seems to be able to find the money to spend on expensive art pieces and to rehab the arch when it wasn’t needed but they can’t find the money to reopen closed fire stations or fix public pools which were damaged by vandalism. Granted they did finally find the money for the pool but only after a year later and the kindness of local contractors and citizens in town funded the repairs for them even though they already spent upwards of a $100,000 on even more art for downtown. This is an issue of poor management of priorities, not of a lack of funding.
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