The former Sands Regency in downtown Reno is now rebranded into J Resort. Owner Jacobs Entertainment formally debuted the brand new title of the enduring property present process the two-stage modernization mission.
J Resort is a redevelopment of the previous Sands Regency property set to anchor the Neon Line District spanning half a mile throughout Fourth Street in downtown Reno. Since Jacobs Entertainment purchased the hotel-casino in 2017, the corporate has invested $300 million for the primary part of the property’s revitalization. Due to the rising demand, Jacobs will now open half of the on line casino ground, in addition to 500 newly reworked rooms forward of the time schedule, with part one of many mission anticipated to be accomplished in June.
Jeff Jacobs, CEO of Jacobs Entertainment, mentioned: “After five years of land assemblage, design, and construction we are pleased today to announce J Resort, Jacobs Entertainment’s flagship property and Nevada’s first art and entertainment-themed resort property.” He added: “J Resort is raising the bar for all northern Nevada resort properties. In addition to the sculptures that we display along Reno’s Neon Line, we will also highlight over $100 million of paintings and sculptures throughout the entire J Resort property.”
Phase One:
Phase one will embody a re-arranged casino with 600 new gaming positions, greater than 1,000 floor parking areas for each valet and self-parking, in addition to Hanna’s Table – a brand new three-meal restaurant that includes a seasonal out of doors eating space. The facility can even characteristic J Paul’s Italian Steakhouse, extra art work, Afterglow Lounge, and America’s first 24/7 out of doors digital artwork wall. Outside of J Resort, the Glow Plaza Festival Grounds will host greater than 50 occasions a yr, with festivals and out of doors particular occasions already coming this summer season.
Phase Two:
Phase two will value about $100 million and embody a 400-position excessive ceiling extension of the gaming space, rooftop indoor/out of doors swimming pool and spa, and the Asian meals and gaming venue. Other themes will characteristic a sports lounge, in addition to extra artwork that includes a sculpture of the world-renowned sculptor Richard Erdman being at present made for J Resort in Italy.
Future facilities:
Jacobs’ plans for the property additionally embody the addition of three extra towers to the J Resort with a big out of doors pool, amphitheater, showroom, 150 toes zipline, and alike. These facilities will carry the funding on the property to round a billion {dollars}, the CEO mentioned. By the time the mission is totally accomplished, Jacobs expects that J Resort will rival hotel-casinos in Las Vegas. Also, this development will in the end make use of over 2,000 individuals within the area.
Community profit:
The neighborhood profit shall be thus achieved in opposition to some criticism on the problem of residents who had been dwelling in motels demolished for the expansion of the Neon Line. Vice President of Jacobs Entertainment, Jonathan Boulware mentioned: “Nobody was put on the street when we went through that process, and that’s what makes us feel good about what we did for our community.” He says that Jacobs paid for deposits on flats and helped motel residents transfer. The firm says over 90 % of the residents had been efficiently relocated.
Workforce Housing Project:
According to News 4, Jacobs has already supplied land to Reno Housing Authority to assist create 1,000 extra workforce housing items however the provide was rejected because the authority is targeted on low-income housing quite than workforce. Jacobs mentioned that its workforce mission refers to individuals incomes round 80% of the world imply earnings in opposition to these incomes round 30-40% of the imply earnings prioritized by the general public sector. He lastly says that he’s interested by giving his land for the mission and that he’ll proceed talks with metropolis officers and builders.