University of Nevada (UNR) officials say the sale for the 104-acre McCarren Planned Unit Development next to the University's Main Station Field Laboratory has been finalized.
“We are pleased to report that this transaction has now been finalized and all of the contingencies addressed,” University Vice President of Administration and Finance, Vic Redding, said. “The buyer, Reno Land LLC, has met all of the terms previously approved by the Nevada System of Higher Education, Board of Regents and the purchase price is $18 million.”
They say completing the sale of this property will now allow the University to move forward with projects and staffing initiatives identified as part of the BOR approval item including:
• develop research capabilities at the J Dow NAES wetlands
• build ADA compliant classrooms at Main Station Field Lab
• construction of the Eureka Agriculture Center for Range and Sheep Improvement
• development of the International Center of Dryland Agriculture
• create an endowed professorship for indoor/urban agriculture in Clark County, and
• renovations of critical laboratory facilities on the University’s main campus for the benefit of all students, research faculty and staff.
Officials say the sale contract also provides the College of Agriculture, Biology and Natural Resources sufficient time (90 days after the close of escrow) to complete the current research project underway on a portion of this parcel and otherwise wind down operations and relocate existing fencing and related equipment.
The BOR approved the sale on November 16, 2018.
