University of Nevada, Reno puts portion of Main Station Farm up for sale
A 104-acre parcel of land at the intersection of Mill Street and McCarran Boulevard zoned as Planned Unit Development has been put up for sale by the University of Nevada, Reno for a minimum bid of $20 million, according to a statement released from the university.
Proceeds from the sale will be used for capital improvement projects to benefit students, research and community outreach.
The more than 700 remaining acres will be preserved and protected for long-term agriculture research and education.
“We are planning to liquidate these assets to provide funds to renovate critical research lab spaces to be more competitive for research grants,” Marc Johnson, president of the University of Nevada, Reno, said. “Use of the land for teaching, research and operations by the College of Agriculture, Biotechnology and Natural Resources will continue on the remainder of the land.”
Since 2014, the University has self-funded many renovation projects by liquidating some assets for higher value goals as they pursue their priority for achievement of their Carnegie Research University goal.
The 104-acre McCarran parcel, which was annexed into the City of Reno in 2011, was rezoned to a Planned Unit Development designation by the Reno City Council in March 2013. It is located on the east side of McCarran Boulevard and extends from Clean Water Way approximately 4,700 feet to the south and has a depth of approximately 927 feet.
The 2013 rezoning of the 104-acre parcel was contested by several community members, leading to several public hearings and a town hall meeting to educate the public on the reasons and benefits in protecting the parcel for future use as an asset for the University.
Proposals are also being sought, through a broker, for the purchase of 40-acre parcel at the far southeastern end of the farm adjacent to Pembroke Drive and the Southeast Connector road, which is currently under construction.