This week celebrates anniversaries of impossibilities. Man on the moon in 1969. The great New York City blackout of 1977 (and the huge spike in the northeastern birthrate nine months later). And the election of Reno Mayor Barbara Bennett in 1979 after she convinced the city council to vote for rent control.
Last week came word that the median stick-built home in RenoSparks has topped $400,000 for the first time. The bad news is that apartment vacancies have fallen to a six-year low of about three percent here in Tesla Valhalla. The Barbwire never forgets.
The opening of the MGM Grand (now the Grand Sierra-Reno) in 1978 spawned uncontrolled growth like today. Six new casino properties opened within a few months of each other. People flocked to the boomtown from everywhere. White and blue collar workers pitched tents by the river. (I still have the film.) Rents skyrocketed if you could find a place at all.