Opinion: Renault’s unfulfilled transformation – Nevada Globe

Jacobs cited the high cost of construction, and some people say Jacobs has overpass for real estate. This process of reading a developer to enter with a mega-project has not happened. There must be a better way to reconstruct the area. If the developers cannot afford to build low-income homes, we may need to focus on job growth and higher-paid jobs.

Office space and job growth

Recently, an article on NNBW talks about the low vacancy and the strong status of the office space in Renault after two small office buildings were sold. The article states that there are 1.4 million square feet in the center of Renault.

Let’s put it in perspective. The San Francisco Sales Tower has 1.4 million square foot. A building equals the entire office space in the center of Renault. Renault has a low vacancy because we have low equipment, not because of a strong market.

People talk about the need for homes at affordable prices and the problem is not solved. Renault rents are about 40% lower than in the bay area. I see hundreds of apartment rental ads, but no one can afford them. Perhaps the problem is the lack of well -paid jobs due to the lack of office space. Maybe we can fix salaries.

I recently attended the Reno Startup Week. It was an inspiring event. There are many people who want to start companies that would have well -paid jobs, but there is no office space for them. There are smaller technology companies in Bay Area that can be relocated to the re -in the lessons of business and short trips if there is more office space.

The campus in Palo Alto, where I worked, is about 120 acres and has over 1 million square feet of office space. It was beautiful, like a park. A pleasure to visit. The Jacobs Neon Zone is also about 120 acres. There are many empty batches in this area, which are combined are enough to build over 500,000 square foot office space even with smaller buildings and can add over 50% to the office space in the city center.

Renault needs a plan

The problem seems to be that the City Council gave Jacobs incentives to buy over 100 lots, knock down motels and build parking without a development plan for many other people and without a good look at Jacob’s financial resources.

What if the city can motivate Jacobs to sell some of the empty batches and Renault can develop a plan for attracting office space developers and startup companies in Bay Area and bring higher paid jobs to Reno?

This will take away coordinated efforts. Jacobs can provide a discount land or provide leasing subsidies for start -ups and growing technology companies and fulfill its promise to reconstruct the area.

Reno could stimulate the development of office and technology centers by offering reduced licenses for business licenses for developers who build office space and for moving companies.

Renault could be traced by the application of accelerated approval processes for commercial development, which are aligned with the goals of economic growth.

Reno can cooperate with developers and permit the development of mixed use by zoning, which allows technology parks, spaces for cooperation and residential areas near shopping malls.

Reno can encourage the lack of a state tax on income and benefits of the opportunity and promote Reno as a new technological center with good quality of life, lower expenses and business suitable for business.

It may be just another case of desirable thinking, but as I go through the area from home to downtown and I see the disaster that the neighborhood has happened, I can see that something has to be done.

Talk, Nevada! What do you think? Send us your opinion!