|
Home
Projects
Commercial
Residential
Cultural
Programs
Fast Track Program
Tax Increment Financing
Retail Assistance
Visual Improvement Programs
Brownfields
Tools & Resources
Maps
Doing Business
Facts & Demographics
Publications & Presentations
Other Resource Links
About RDA
Overview
RDA Plan & Related Documents
Contact Us
|
Tax Increment Financing (TIF)The city of Las Vegas Redevelopment Agency (RDA) is offering Tax Increment Finance (TIF) rebate incentives for high-rise residential, retail, hotel and mixed-use projects located within the Las Vegas Redevelopment Area. The Redevelopment Area consists of approximately 3,948 acres that generally includes downtown Las Vegas, as well as portions of West Las Vegas and along Eastern Avenue. Tax Increment is defined as the increased property taxes generated due to new development on a site. The TIF program uses tax money from the difference in the originally assessed property value and the new, enhanced property value to pay for eligible qualified expenditures. Up to 41 percent of the Tax Increment can be rebated annually to a property developer for eligible qualified expenditures to a construction project. Eligible expenditures may include constructing streets, curbs, gutters, water lines, storm drainage facilities, traffic signals, paving, sidewalks, flood control improvements, utilities, other infrastructure costs and more. While the term for TIF rebate assistance is negotiable, the rebate cannot extend past the life of the agency or more than 20 years. The agency’s maturity date, required by Nevada state law, is in the year 2031. For more information, please contact Scott Carter by e-mail or call (702) 229-6100. |
Interactive Map
Closer Look
“The city of Las Vegas, working with Newland Communities, is creating a city within a city in the downtown area – the 61-acre Union Park development that I refer to as the jewel of the desert.”
Oscar B. Goodman ![]() Contact Us
Scott D. Adams or
Steve van Gorp City of Las Vegas Redevelopment Agency 400 Stewart Ave. Las Vegas, NV 89101 Phone: (702) 229-6100 Toll Free: (866) 777-7483 Fax: (702) 385-3128 Business Hours: Monday to Friday, 8 a.m. to 5 p.m. (Pacific Time) |