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Clark County redevelopment agency authorizes funding allocations and ratifies purchase of furniture-store parcel on Maryland Parkway
Summary
The Clark County Redevelopment Agency reviewed cash-on-hand and approved allocations for Commercial Center, Chinatown and Boulder Highway projects, and ratified the purchase of 2625 S. Maryland Parkway for $7,120,010; staff noted site easement issues and that FY26 revenues were not included in the cash calculation.
The Clark County Redevelopment Agency on May 21 reviewed existing cash balances, authorized recommended redevelopment allocations and ratified the county’s purchase of a furniture-store parcel at 2625 S. Maryland Parkway for $7,120,010, staff said.
Redevelopment staff outlined projects already funded or encumbered and estimated available cash for additional projects at roughly $29 million before the furniture-store purchase; after the purchase staff reported the remaining cash balance would be about $22.8 million. Staff emphasized those figures reflect cash on hand and do not include projected fiscal year 2026 revenues discussed in the county’s recent budget hearing.
The agency discussed three…
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