I do not believe anymore that N Virginia Street can be save, and it should be left to die until the legacy land owners get a reality check and devalue their properties to a level where redevelopment pencils.
This is a gross oversimplification, but the mega casinos killed NVA, and it is their problem to save it if it is to be saved at all. But why would Caranoville care when they have their sky bridges allowing their patrons to keep off the evil streets of Reno? Do they even want pedestrian improvements in front of their properties? It would be a poor business move for them.
Reno needs to stop taxing these properties in Special Assessment Districts, and let outlying downtown properties develop. Let it roll!