Las Vegas Redevelopment Agency

Las Vegas Redevelopment Agency is a redevelopment agency whose goal is to work in concert with the community and private sector to revitalize the City of Las Vegas.

History

The city of Las Vegas Redevelopment Agency (RDA) was created in 1986 by the Nevada Legislature[1] to help revitalize downtown Las Vegas. Although the RDA is legally a separate entity from the city, city council members sit on its board and provide input on projects.[2]

The city of Las Vegas currently has two designated redevelopment areas. Redevelopment Area 1 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 Boulevard, Martin L. King Boulevard and Eastern Avenue corridors.

A new Redevelopment Area 2 (RDA 2) was officially adopted during the Aug. 15, 2012 meeting of the Las Vegas City Council. The RDA 2 designation gives the Las Vegas Redevelopment Agency the powers to redevelop, rehabilitate and revitalize this area. This new RDA 2 designation also allows the Redevelopment Agency to provide qualified owners/operators with certain business incentives. Redevelopment Area 2 covers Sahara Avenue from I-15 to Decatur Boulevard, Charleston Boulevard from Rancho Drive to Rainbow Boulevard and Decatur Boulevard from Sahara Avenue to U.S. 95.

The RDA promotes the redevelopment of downtown Las Vegas and surrounding older commercial districts by working with developers, property owners and the community to accomplish beneficial revitalization efforts, create jobs and eliminate urban decay.[3] The RDA coordinates with the city of Las Vegas Economic and Urban Development Department (EUD) on day-to-day operations, economic development, job creation and long-term strategic goals.

Assistance provided by the RDA for companies located within the Redevelopment Areas include New Markets Tax Credits, Tax Increment Financing; and the Fast Track, Quick Start, Visual Improvement and Retail Downtown Las Vegas Assistance programs.

The agency's major projects include Symphony Park, a new headquarters location for Zappos.com, development of the Fremont East Entertainment District, the Urban Chamber of Commerce Business Development Center, the Museum of Organized Crime and Law Enforcement and the new Las Vegas City Hall public-private, mixed-use complex.

References

  1. ↑ Community Redevelopment Law of the State of Nevada Urban Renewal and Development - NRS section 279.382 et. Seq.
  2. ↑ "The Las Vegas Redevelopment Agency", Welcome Home Nevada blog, January 20, 2011
  3. ↑ "Downtown Las Vegas Sees a Resurgence", KLAS-TV, June 28, 2011

External links