The purchase and demolition of several motels have especially been controversial because they have essentially served as housing of last resort for lower-income residents who have been squeezed out by Reno-Sparks’ ongoing housing affordability crisis. The purchase of the Gold N’ Silver Inn adds another set of parcels on the West Fourth Street corridor in Jacobs Entertainment’s hands for its proposed Reno Neon Line entertainment district. The company, which has been on an acquisition spree for properties between Keystone Avenue and West Street since 2017, also owns the Gold Dust West just across the Gold N’ Silver, as well as the Sands Regency and land that used to house old motels. Its reputation among locals earned it a spot in season nine of the popular Food Network show “Diners, Drive-Ins & Dives” where it was one of the restaurants featured in the episode “Surf ’n Turf.” The Gold N’ Silver Inn developed a loyal following for its long list of traditional comfort fare - country-style biscuits and gravy, chicken fried steak, burgers, pork chops and tri-tip sandwiches to name a few. ‘We got railroaded’: Bonanza Inn co-owner says sale forced by city of Reno inspections The sale raises questions about the fate of the Gold N’ Silver Inn, which bills itself as “Reno’s oldest casual restaurant.” A familiar fixture on the corner of West Fourth and Vine Streets, the restaurant has been run by three generations of local families for more than six decades. The previous owner was Paine Properties LLC, which lists Jeffry Paine and Kristin Paine as officers, according to the Nevada Secretary of State. The restaurant’s sale to Jacobs subsidiary Reno Property Management LLC involved six parcels in total and was finalized on Jan. 31, according to records obtained by the Reno Gazette Journal from Washoe County. The Gold N’ Silver Inn, a long-time dining institution on Reno’s West Fourth Street corridor, has been sold to developer Jacobs Entertainment.
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