6/14/2023 0 Comments Gold dust west casino![]() ![]() Schieve is on the housing authority board. ![]() "We are excited about the plans of Jacobs Entertainment to create a vibrant new arts-oriented district along Fourth Street,” Mayor Hillary Schieve said in a news release. The housing donation and purchase is a separate investment into Reno's affordable housing inventory since the Reno Housing Authority owned land in the area Jacobs wanted. Future development costs were not disclosed. The initial property purchases total about $10 million, according to Washoe County records, and $30 million for the purchase of the Sands, Jacobs Entertainment CEO Jeffrey Jacobs said. Jacobs Entertainment's two-part plan for west downtown includes long-term plans for transforming Fourth Street into an urban neighborhood while separately taking over the Sands operation. It recently bought the last of that casino from the Piazzo family. Jacobs Entertainment is a Colorado-based casino gaming company that has operated Gold Dust West Casino for more than 10 years and invested more than $50 million into the property over that time. Part of the purchases include $1 million of Reno Housing Authority land and an additional donation of $1.5 million worth of houses all over the city to the housing authority. Casino operator Jacobs Entertainment agreed to purchase the Sands Regency Casino Hotel, two blocks of Fourth Street and the rest of the Gold Dust West Casino in downtown Reno. ![]()
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