RSCVA won’t cut events to balance $1.6 million deficit
By Ray Hagar, Reno Gazette-Journal
The Reno-Sparks Convention and Visitors Authority is facing a projected $1.6 million deficit for the current fiscal year, because of falling room rates and room taxes, as well as a decrease in revenues from its facilities, RSCVA documents reveal.
To balance the budget, about $1 million will be cut from the operations budget and a portion of the water rights at its closed Northgate Golf Club will be sold, said Ellen Oppenheim, RSCVA president and CEO.
The RSCVA board of directors voted unanimously to allow Oppenheim to proceed with the plan to balance the budget late last week.