Overview

WHAT:

The city of Las Vegas Redevelopment Agency (RDA) was founded in 1986 (It was amended in 1989 and expanded in 1992, 1996 and 2006). The RDA promotes and encourages the redevelopment of the downtown urban core and surrounding older commercial districts by working with developers, property owners and community associations to accomplish beneficial revitalization efforts.

WHERE:

The Redevelopment Area encompasses 3,948 acres.  The area roughly includes the greater downtown Las Vegas area east of I-15, south of Washington Avenue, north of Sahara Avenue and west of Maryland Parkway. It also includes the Charleston Avenue, Martin Luther King Boulevard and Eastern Avenue corridors.

In 2006, the Las Vegas City Council approved the RDA’s proposal to add approximately 750 acres to its existing Redevelopment Area. The expansion added six new areas including portions along Sahara Avenue east of Paradise Road, and sections along Martin Luther King Boulevard and Bonanza Road near the “Spaghetti Bowl.”

The added areas are located on the edges of the existing Redevelopment Area.  These areas are primarily comprised of older commercial and manufacturing properties.

Please refer to the Redevelopment Plan and Related Documents for further details.

HOW:     

Business assistance programs for companies located within the Redevelopment Area include:

• Fast Track program: Assists with expediting entitlements and permitting.
• Visual Improvement Programs: Aids in upgrading commercial or industrial properties by offering a rebate for qualified exterior improvement costs.
• Tax Increment Financing: Provides rebate incentives for high-rise residential, retail, hotel and mixed-use projects. Eligible expenditures may include constructing streets, gutters, water lines, storm drainage facilities, traffic signals, paving, sidewalks, flood control improvements, utilities and other infrastructure costs.

WHO:

The Las Vegas City Council serves as the Redevelopment Agency’s Board of Directors, with Mayor Oscar B. Goodman  acting as chairman. City Manager Doug Selby serves as executive director and the city’s financial director, Mark Vincent, acts as financial officer. Day-to-day RDA functions are handled by Operations Officer Scott D. Adams, who also serves as the city’s director for the Office of Business Development (OBD), and OBD Deputy Director Steve van Gorp.  A team of 26 RDA and OBD staff members are managing redevelopment and real estate projects for the agency.

INFO:

City of Las Vegas Redevelopment Agency
Office of Business Development
400 Stewart Ave.
Second Floor
Las Vegas, NV 89101
(702) 229-6100
Fax: (702) 385-3128

Fiscal Year 2006 Annual Report