Celebrating Over 75 Years of Serving Nevada’s Legal, Business, Government, and Civic Communities
$299 Million Ground Transportation Center at Reno-Tahoe Airport
McDonald Carano congratulates Andy Gabriel, Josh Hicks, and Paul Bancroft on their successful client work for a new $299 million Ground Transportation Center described by the President/CEO of the Reno-Tahoe Airport Authority as “unprecedented … significant private sector investment … historic moment for our region.” The project is an example of McDonald Carano attorneys in multiple practice groups in both offices working together to represent clients in one of our state’s largest and highest profile transportation infrastructure projects. The complexity of the project is nuanced because it is structured as a Public-Private Partnership. It will be privately financed largely through a 30-year ground lease from the airport, which means the facility will be delivered substantially off-balance sheet for the airport and at no cost to local taxpayers. The history of the project and its details are extensively covered in the news articles and press releases linked below.
In 2018, the Reno-Tahoe Airport Authority (RTAA), Avis Budget Group, Enterprise Mobility, Hertz Corporation, and Conrac Solutions (CS) began discussing RTAA’s need for an on-airport centralized location for rental cars along with increased public parking. CS is the only U.S. provider of on-airport consolidated rental car facilities. Program analysis, landside study, site selection, and document negotiations continued throughout the COVID-19 pandemic. The RTAA Board of Trustees approved the project in March 2024. On May 6, 2024, the Board publicly announced “the official approval and financial close for the highly anticipated $299 million Ground Transportation Center and the project is set to deliver a state-of-the-art facility by 2028.” McDonald Carano advised Avis Budget Group, Enterprise Mobility, and Hertz Corporation on matters relating to commercial real estate, business transactions, and state and local taxation.
Highlights of the Ground Transportation Center
- Spans four floors and occupies a ground lease of approximately 440,220 square feet
- Relocate current rental car facilities from the parking garage to the new transportation center, freeing up 600 parking spaces currently occupied by rental car companies
- Six car washes, three maintenance bays, 24 fuel positions, and 300 staging/storage bays
- Covered pedestrian access a short walking distance from the terminal
News Coverage and Press Releases
- “Reno airport’s $299M deal will increase parking capacity as car rental moves to new site,” Reno Gazette Journal, 5/7/2024
- “Reno-Tahoe Airport Closes Deal To Build $299 Million Rental Car Facility,” Aviation Week, 5/7/2024
- “US$299 Million ‘Unprecedented’ PPP at Reno-Tahoe Airport,” Airport Investor Resource, 5/8/2024
- “Meridiam and Conrac Solutions Announce $299M Project to Enhance Reno-Tahoe International Airport’s Efficiency, Sustainability and Customer Experience,” Informed Infrastructure, 5/7/2024
- “Reno-Tahoe International Airport’s Ground Transportation Center Receives Official Greenlight for 2028 Delivery,” RTAA Press Release, 5/6/2024
- “Reno-Tahoe International Airport,” Conrac Solutions, Press Release, 5/7/2024
About McDonald Carano
In 2024, McDonald Carano celebrated its 75ᵗʰ Anniversary of serving Nevada’s legal, business, government, and civic communities. More than 60 lawyers and government affairs professionals serve Nevada, national, and international clients from our offices in Reno, Las Vegas, and Carson City. McDonald Carano provides transactional, litigation, regulatory, and government affairs services to startups, corporations, private companies, trade associations, nonprofits, public entities, high-net-worth individuals, and family offices throughout Nevada. We are deeply committed to supporting local communities by volunteering our time, resources, and services, including pro bono legal services, to nonprofit organizations, charitable foundations, and public service entities. We are proud to be your Nevada law firm since 1949.
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