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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 geographic priorities: Commercial Center, Chinatown and a new area near Boulder Highway and Stephanie. For Chinatown staff proposed a visitor and welcome center with estimated tenant improvements of about $2 million and first‑year operating costs that together were modeled at roughly $2.6 million; staff also proposed $2 million for security infrastructure, grants and place‑making. Commissioner Jones described the Chinatown visitor-center concept as a hub for tourist information, locker rentals and a Metro-linked safety presence.
On Commercial Center, staff presented two cost scenarios for New Orleans Square (900 Liberace Ave.): an estimated $14,700,000 to rehabilitate the building to a vanilla shell or about $3,500,000 to demolish it. Staff noted Commissioner Miller previously allocated approximately $9,800,000 specifically for the arts and cultural center project on the 925 E. Sahara site; that allocation is separate from the cash‐on‐hand totals staff discussed.
When staff briefed the board on the planned purchase of 2625 S. Maryland Parkway, they said due diligence revealed a previously unrecorded sewer line across the back of the property that could affect use. “We did find a secret sewer line that has an easement or that does not have an easement,” Shawnee Coleman, redevelopment director, said; staff said the issue was reflected in the negotiated purchase price and that the county is working with water-reclamation authorities.
The board took two formal votes: it approved the recommended set of funding allocations for redevelopment projects and it approved and ratified the furniture‑store parcel purchase and related closing actions. No roll-call vote tallies were recorded in the meeting transcript; the clerk announced both motions passed.
Staff and commissioners emphasized that detailed project budgets, tenant improvements and operating commitments will return to the board for separate approvals. Several commissioners and members of the public urged careful phasing to protect existing businesses’ access to parking and to preserve cultural legacy elements where feasible.
