Prepared by:
CITY OF RENO
Community Development Department

CORRIDOR PLAN

Development Concept

The majority of land within the corridor has been developed.  Non-restricted gaming is entitled on the property west of Greg Street, east of Highway 395, north of Mill, and South of 2nd Street. Much of the property in the area is in need of redevelopment and intensification to create a successful transit corridor. Development and redevelopment within this corridor and the associated station areas is required to develop at a minimum density of 18 units per acre. When a mixed-use or non-residential development is being constructed, a floor area ratio of 1.5 or greater is be required.

The Transit Corridor has a base zoning of mixed use (MU) and an overlay zoning district of the Mill Street Transit Corridor (MSTC). The zoning designation of MU/MSTC refers to MU/MSTC overlay sections of code. These sections include specific development requirements for the area, such as setbacks, parking, site layout, architecture, and landscaping. The River Landing at Mill (RLM) Station Area is locatedwithin the MSTC overlay zone and has area specific development standards differing from the other potions of the corridor.

Policy

To support transit-oriented development there are eight “Best Practices” that should be utilized. These “Best Practices” include: identity, infrastructure, attractions, intensity/density, pedestrian connections, site layout/urban design, parking management, and public space/greenways.

Each Transit Corridor should maintain its own unique identity in terms of its mix of uses, development intensity and character, should largely be informed by and relate to the surrounding development context. In order to encourage and facilitate successful transit-oriented development, a full range of public facilities must be in place. A variety of infrastructure improvements will need to be made within each corridor in order to accommodate the type of urban, mixed-use neighborhood development that is desired.

Establishing a mix of complementary land uses within a TOD corridor allows individuals
to meet their day-to-day needs within walking distance of their home or place of work;
creating a neighborhood environment that increases transit use, extends hours of
activity, and reduces traffic. Higher density development is one of the key components
necessary to create compact, vibrant transit-oriented development neighborhoods that
encourage pedestrian activity, support retail businesses, and promote transit usage.
Buildings should be placed on the street with any parking needed to the rear of the site.
In keeping with building that support pedestrian scale, pedestrian connections separate
from automobile circulation, should also be constructed between open space, stations
and high activity areas.

Parking standards should be reduced in corridor areas as well as a number of alternative parking solutions, such as shared parking encouraged. This will allow for more land to be available for higher density uses or open space. The policies that should encourage these tyes use developments are listed below.

Policy 1 -Identity

A. Provide alternative transportation between the airport and downtown.

B. Public spaces should interconnect with the adjacent Washoe Medical and Reno-Tahoe International Airport Regional Centers.

Policy 2 – Infrastructure

A. Provide pedestrian connections throughout the corridor to services, parks, theTruckee River and businesses (see Map 1).

B. Encourage the development of sidewalks, which are eight feet or wider withinthe corridor.

Policy3 – Attractions

A. Promote the improvement of key attractions in the area including recreation, the Truckee River, the Reno-Tahoe International Airport, the WasRegional Center, businesses, and natural features.
B. Provide a mix of land uses including a mix of housing types, offices, retail, personal services, hotels, restaurants, urban parks, day care, and public agencies/services.

Policy 4 – Intensity/density

A. Provide a minimum density of 18 units per acre with a minimum FAR of 1.0 through a variety of building heights and pedestrian oriented structures.
B. Require transition between the lower densities and building heights of the existing surrounding neighborhoods, to the desired higher densities and building heights along the transit corridor.

Policy 5 – Pedestrian Connections

A. Promote the enhancement of the identified pedestrian corridor connections within the plan. B. Encourage the installation of wider sidewalks, landscaped parkways, street trees, street furniture, and other pedestrian amenities.

Policy 6 – Quality Site Layout/Urban Design

A. Commercial and office land uses should be concentrated near Mill Street
and the transit stations.

B. Incorporate residential units into the upper floors adjacent to Mill Street and within the transit stations.

C. Encourage a variety of building heights and forms to create visual interest and establish a distinct identity with architecture detail that provides a high level of interest at the street level.

D. Buildings within the corridor should be oriented toward the primary street frontage or provide a prominent pedestrian access.

E. Buildings should front the sidewalk edge on major streets, providing for compact development and creating public space along the street frontage.

Policy 7 – Parking Management

A. Encourage shared parking in mixed land use development to decrease the amount of parking on the site and decrease the emphasis of private vehicles.

B. Parking should be located inside, underground or behind buildings.

Policy 8 – Public Space

A. Encourage the use o f public space for recreation entertainment, restaurant,
and other commercial land uses.

Continued May 5th

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As a Reno/Sparks real estate professional, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.comhttp://www.myspace.com/chancegates .  You can also follow me at http://www.twitter.com/chancegates .  If you are behind on your house payment and looking for a loan modification, go to making homes affordable For a free copy of my report   “5 Steps For Reno/Sparks Homeowners To Prevent Foreclosures” go to my about page http://chancegates.com/about and ask for more information on preventing foreclosures. or   to request a modification.  If the modification fails, contact your local real estate professional to help short sale your home.  To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney.

HUD (the US Department of Housing and Urban Development) has announced a sales incentive program which allows qualified buyers to buy HUD homes with a down payment of only $100, as long as:
• The buyer will live in the property for at least one year (investors do not qualify for this incentive)
• The buyer offers the full asking price for the home, and
• The buyer uses an FHA loan for the purchase.
Bank owned homes do not qualify for this program

OTHER PROGRAM REQUIREMENTS:
Loan types available
FHA Fixed Rate 30 year, FHA Fixed Rate 15 year, FHA Secure 30 or 15 year, FHA Stimulus 5/1 ARM (Adjustable Rate Mortgage)
Income
Must be able to document enough income that your debt to income ratios are 31% / 47%
Maximum loan amount
$362,790
Property types
Single family residences, townhomes, Planned Unit Development homes, condos
•Program Subject To Additional Eligibility Requirements

As a Reno/Sparks real estate professional, I encourage all questions or comments on the Reno/Sparks real estate market or any of the articles posted on this blog.  I can be reached by email at:   chance at ballard-company.com or http://www.myspace.com/chancegates