Cashell Demands Local Workers for Resort Project

Reno Mayor Bob Cashell says any contract for special financing to build a proposed indoor water park at Grand Sierra Resort will include a requirement that local contractors be used on the project.

The city, Cashell said, will require "teeth in the contract to hire Nevadans."

Cashell quipped that he's "not the mayor of Tucson" before the city council unanimously approved a memorandum to begin initial studies on the water park and use of sales tax anticipated revenue, or STAR bonds.

STAR bonds, passed by the state lawmakers in 2003, allow businesses that gain most of their business from visitors to finance their projects with bonds and use up to 75 percent of the sales tax generated to repay them.

Use of such financing must be approved by the governor, Nevada
Commission on Tourism and the local government involved.

Cashell says he's not pleased the Cabela's outdoors store has hired a general contractor from Arizona and an electrical contractor from California to build its new store in Verdi east of Reno.

The store is the first project in Nevada in line for STAR bond financing.


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