August 31, 2014
RENO, Nev. (AP) - Despite some concerns the city can't afford it, the Reno City Council has narrowly agreed to spend $1 million on a refinancing deal for the Reno Aces baseball park to make sure the Triple A team don't leave town.
The council voted 4-3 Wednesday to take the money from the general fund to refinance a $55 million construction loan used to build the riverfront stadium, which opened in 2008.
Backers say the home to the Arizona Diamondbacks Pacific Coast League affiliate is a boost to nearby businesses as well as Reno's quality of life.
Critics say it's a luxury at a time the city is still struggling to pay police and firefighters.
Under the new deal, the Aces can't leave Reno for 30 years as long as payments are current.
Information from: Reno Gazette-Journal, http://www.rgj.com
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