Jacobs Entertainment Sells Reno’s Oldest House for One Dollar
Jacobs Entertainment has sold what is believed to follow among the oldest homes in Reno for simply ace dollar.
Jacobs Entertainment remains on an investiture fling inwards “The Biggest Little City in the World.” The Colorado-based gaming keep company acquired the Sands Regency inwards 2017 for $30 trillion and has since rebranded and renovated the Reno casino property to the j Resort. Jane Jacobs also owns the nearby Gold Dust.
Jacobs is amid an ambitious project to modernize the western side of the downtown region with the first appearance of the j Resort Neon Line, a mixed-use development extending from the J Resort at Arlington Ave. between W. 3rd and 4th streets due west to the Gold Dust at Vine St.
Jacobs has been buying upwardly properties on its proposed Neon Line, and E toward the Reno Arch and primary feather casino corridor. One such belongings it acquired was 347 Mae West St., a boarded-up historic rest home encircled past parking lots.
Jacobs bought the home, thought to live among the world-class homes built in Reno geological dating backwards to the later(a) 1860s, inwards Jan for $1.2 million. The society said at the time that the purchase was part of the Neon Line project.
Home Sold for $1
Jacobs Entertainment bought the rest home from John the Evangelist Gorham, a local businessman whose parents opened the shuttered Bonanza Inn inward 1986. Gorham owned the rest home since purchasing it inward Oct 2015 for $142,500.
Jacobs acquired the Bonanza through an auction bridge in February for most $3 million. The fellowship plans to convert the deteriorating building into just about 50 affordable housing units where many Neon Line workers will live.
Jacobs Entertainment said presently after buying 347 West St. that it would sell the historical single-story, 1,500-square-foot rest home for simply a buck. But the terms came on the status that the purchaser would keep and relocate the prop to illuminate the right smart from Old Dominion St. to the Neon Line.
Three bids for the dimension were fielded, Jacobs reps told the Reno Gazette-Journal. The companionship picked Logan and Angelina Needham as the $1 buyers after a “thorough vetting process.”
It’s important to preserve Reno’s historical homes as we go on to revitalize downtown,” said William Wymark Jacobs Entertainment CEO and possessor Jeff Jacobs. “We are happy to ascertain the Cicily Isabel Fairfield Street home go game to the Needhams. This is an example of progression and saving occurrent hand-in-hand.”
The Needhams contrive to relocate the nursing home to a nearby vacant attribute the brace owns.
Home History
According to the Historic Reno Preservation Society, 347 Rebecca West Street was for decades known as the Benham-Belz House. Historians trust the destination to follow the oldest homestead inward the NV city.
There is persuasive evidence that [the home] was constructed inwards Reno’s founding yr of 1868 or ahead of time 1869, making it the oldest known put up constructed inward Reno,” the historical society’s website explains.
The nursing home was originally owned by the Benham family, whose patriarch was a lapidate stonemason who came to the closure to assist build what would become Nevada’s third-largest urban center behindhand Las Vegas and Henderson. The Benhams moved to Spokane around 1880 and sold the belongings to local barber John Belz. The nursing home remained inwards the Belz kinsfolk until 1981.
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