RTC Southern Nevada Receives Federal Funding to Promote Efficiency
The Regional Transportation Commission of Southern Nevada (RTC) has been granted $2 million in federal funding as part of the U.S. Department of Transportation’s inaugural Strengthening Mobility and Revolutionizing Transportation (SMART) program. The program was created to advance transportation and efficiency and will support a cloud-based system that optimizes traffic signal timing to support emergency vehicles and buses. The system will implement artificial intelligence analytics at intersections within the city of Las Vegas.
Reno Public Market Named Redevelopment of the Year
Reno Public Market (RPM) has been named Redevelopment of the Year by the CoStar Impact Awards. The project remade the Shoppers Square Mall in Reno and features one of the largest food halls on the West Coast. RPM was chosen by a panel of judges familiar with the Reno-Tahoe area. The development has been owned and operated by the Casazza family for over 60 years. The family partnered with developer Foothill Partners and real estate manager Loja Real Estate in 2019 to revitalize the MidTown shopping space.
Lee Canyon Purchased by Mountain Capital Partners
Mountain Capital Partners (MCP) has announced plans to purchase Lee Canyon from POWDR Corporation for an undisclosed amount. MCP is among the largest ski resort management companies in the Southwest and currently has Brian Head Resort in southern Utah and Snowbowl in Flagstaff, Arizona in its portfolio. Lee Canyon employs approximately 275 people and MCP intends to retain the current leadership team and support staff.
Reno-based Climate Technology Company Raises $16 million in Funding
A nearly real-time carbon management and accounting platform, nZero, has announced that it closed a $16 million Series A funding round. The funding is expected to enable the company to scale and help provide more accurate tracking and reporting on energy, financial and greenhouse gas emissions data. The Reno-based company works with government agencies and organizations by providing accurate emissions data to assist in the goal of reaching net zero.