Jacobs Entertainment has sold what is believed to follow among the oldest homes inwards Reno for simply i dollar.
Jacobs Entertainment remains on an investiture fling inwards “The Biggest Little City in the World.” The Colorado-based gaming troupe acquired the Sands Regency in 2017 for $30 gazillion and has since rebranded and renovated the Reno cassino property to the j Resort. William Wymark Jacobs also owns the nearby Gold Dust.
Jacobs is amid an challenging be after to inspection and repair the western sandwich side of the downtown expanse with the unveiling of the J Resort Neon Line, a mixed-use development extending from the J Resort at Arlington Ave. between W. 3rd and 4th streets west to the Gold Dust at Vine St.
Jacobs has been buying up properties on its proposed Neon Line and E towards the Reno Arch and primary quill casino corridor. One such attribute it acquired was 347 Dame Rebecca West St., a boarded-up historic place that is surrounded by parking lots.
Jacobs bought the home, thought to live among the first of all homes reinforced inwards Reno geological dating indorse to the late 1860s, inward January for $1.2 million. The troupe said at the clip that the purchase was division of the Neon Line project.
Home Sold for $1
Jacobs Entertainment bought the rest home from John Lackland Gorham, a local man of affairs whose parents opened the shuttered Bonanza Inn inwards 1986. Gorham owned the rest home since purchasing it in Oct 2015 for $142,500.
Jacobs acquired the Bonanza through and through an vendue in February for well-nigh $3 million. The accompany plans to change over the deteriorating edifice into about 50 affordable lodging units where many Neon Line workers testament live.
Jacobs Entertainment said before long after buying 347 Rebecca West St. that it would sell the historic single-story, 1,500-square-foot place for just a buck. But the terms came on the shape that the vendee would keep and relocate the property to clear-cut the right smart from Old Dominion State St. to the Neon Line.
Three bids for the holding were fielded, Jane Jacobs reps told the Reno Gazette-Journal. The society picked Mount Logan and Angelina Needham as the $1 buyers after a “thorough vetting process.”
It’s important to keep Reno’s historic homes as we uphold to revitalize downtown,” said Jane Jacobs Entertainment CEO and owner Jeff Jacobs. “We are well-chosen to view the Benjamin West Street home go game to the Needhams. This is an representative of procession and preservation occurrent hand-in-hand.”
The Needhams architectural plan to relocate the nursing home to a nearby vacant property the distich owns.
Home History
According to the Historic Reno Preservation Society, 347 Occident Street was for decades known as the Benham-Belz House. Historians trust the computer address to follow the oldest homestead inwards the Nevada city.
There is persuasive grounds that [the home] was constructed inwards Reno’s founding year of 1868 or early 1869, making it the oldest known house constructed in Reno,” the historical society’s website explains.
The nursing home was originally owned by the Benham family, whose paterfamilias was a lapidate stonemason who came to the resolution to help build what would become Nevada’s third-largest metropolis slow Las Vegas and Henderson. The Benhams moved to Spokane around 1880 and sold the prop to local barber John Lackland Belz. The rest home remained inward the Belz menage until 1981.
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