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Tesla and dozens of other companies are moving their operations to the Tahoe Reno Industrial Center which is about 15 miles from Reno and 14 miles from Fernley. Both areas have seen a rise in housing prices and a shortage of homes for sale or rent.
Builders have started to bring new housing projects on line to make room for thousands of new residents. Nevada home prices are still well below the price of homes in California where Tesla has it’s car plant, and workers that are relocating to the Reno area will find buying a home here much more affordable.
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The gigafactory is on a mission to accelerate the world’s transition to sustainable energy, and Reno will see a major transition in the next few years. With plenty of outdoor activities, local lakes, theater and the booming mid-town area, Reno is on the move to transition to a more modern and technology town.