Cabela’s store near Verdi aims for Californians
A giant Cabela’s outdoors retail store planned to be built next to Boomtown just across the California-Nevada state line will make most of its money from non-residents, according to Nevada officials.
The Nevada Commission on Tourism passed a resolution Wednesday concluding that a majority of the sales tax revenue from the proposed 125,000-square-foot Cabela’s Reno would come from out-of-state visitors. The resolution is one of the steps that Nevada law requires in the process of approving Sales Tax Anticipation Revenue bond financing to build Cabela’s, according to a release from the Nevada Commission on Tourism.
The 125,000 square-foot store is proposed to be built next to Boomtown Hotel-Casino on Interstate 80 on the west side of Reno. In comparison, the Truckee Safeway supermarket is approximately 40,000 square feet.
The Cabela’s chain specializes in hunting, fishing and outdoor gear.
An independent economic analysis prepared for the City of Reno found that nearly 88 percent of an estimated 2.5 million visitors a year to Cabela’s Reno would come from out of state and that the non-Nevada buyers would generate 68 percent of retail sales.