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RDA is Debt Free (Reno City Council Meeting 9.23.26)

City Council, Reno, Nevada · September 28, 2026. Full, unedited recording published by the local government.

Paying off debt may not be as visible as a new building, park or streetscape, but it can help make future redevelopment projects possible. In this episode of On the Agenda, Assistant City Manager Ashley Turney explains the Reno Redevelopment Agency’s decision to pay off two series of tax increment bonds issued in 2007. They break down what terms like “redemption,” “defeasance” and “tax increment” mean, where the funding comes from and why this action does not create a new tax or increase anyone’s tax rate. The conversation also explores how eliminating the debt reduces future interest costs…

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