Deloitte Will Not Be Planning Any Conferences at the Silver Legacy This Year
Well folks, it looks like Reno is officially dead. Last I saw it in 2010, it was a ghost town compared to the Reno I knew in the late 90s (ah, good times) so it's no surprise to hear Silver Legacy auditors at Deloitte have some concerns about the Silver Legacy's long-term financial health. Here's […]
Reno’s “Hot August Nights” Goes For-Profit and Skips Town?
Though the connection between the non-profit Hot August Nights organization that’s been putting on Reno’s biggest party for 24 years and the newly-registered for-profit Hot August Nights of Las Vegas is unclear, what is clear is that part of the event will be held in Long Beach this year due to “horrific” costs to put the event on in Reno.
Reno, if you don’t already know, is in pretty bad shape. I used to live there so I know that it always was but it’s in really bad shape right now. With the iconic Fitzgerald’s Hotel and Casino indefinitely boarded up directly under Reno’s “Biggest Little City in the World” sign as a direct result of the Corus Bank failure 1,500 miles away in Chicago back in late 2009, downtown looks more destitute than ever. I take full artistic license for use of the word “iconic.” This is Reno we’re talking about.
You’d think Reno city commissioners would want to encourage fun and leisure, mostly through the only event any of us with the big money to the West are familiar with (Hot August Nights) but all signs point to the city losing it.
On the same day paperwork was filed in Nevada to establish the for-profit, non-profit Hot August Nights officials announced part of the event would be held in Southern California in 2011.
There’s been a bunch of bitchfighting in Reno (and neighbor Sparks, who gets some of the tourism run-off for the event) and it continues.
We don’t expect you to be familiar with the Reno area (unless you happen to work for
Deloitte or E&Y in town, though we don’t like those odds) so for a little background on Hot August Nights, it’s a yearly car show stamped as family fun for everyone. The event costs $700,000 to put on each year according to organizers who swear they aren’t looking to move the show to Long Beach in 2012.
The Reno Gazette-Journal breaks down the non-profit side:
In the 2004 tax year, Don Schmid, then listed as executive director, was paid $93,962 in salary.
On the nonprofit corporation’s 2008 income tax return, current executive director Bruce Walter is listed as collecting $256,890 in salary and $11,940 for a housing allowance, resulting in total compensation of $268,830.
Yes, I’m sure it’s the costs of putting on the event that are inspiring a move. Anyone been to a convention in Reno lately? It’s got to be the cheapest place in the country if you don’t count middle states. You’re telling me it’s cheaper to host the event in Long Beach?
For-profit Hot August Nights corporation created in Vegas [The Reno Gazette-Journal]
Deloitte Closes Reno Office, Employees Not Totally Munsoned*
Deloitte is closing its Reno office, according to the Reno Gazette-Journal. The firm isn’t letting any of the eighteen employees go, rather they will either work from home or at client locations.
Bad news is that we wouldn’t expect the community colleges in the Reno area to get any attention any time soon and if you’re looking to get in on some free donuts, law enforcement is probably your best option.
Deloitte firm closing Reno office [Reno Gazette-Journal]
*We’re not sure this is necessary but whatevs.