Clark County commissioners voted Thursday to approve a request to waive program limits and allow up to $176,500,000 in CPACE financing for qualified improvements at the Rio resort and convention facility at 3700 West Flamingo Road. Tim Matheson of Slipstream, the nonprofit administrator contracted by the county, presented the request and described eligible work as cooling and chiller replacements, lighting and plumbing upgrades, roof and window work, lighting controls, desert landscaping and permeable paving in pool areas. “All criteria for the qualified improvement projects and the program guidelines have been met or exceeded,” Matheson said, and he noted a third‑party engineering study and slipstream’s review supported compliance with program guidelines. The waivers requested were to exceed the program’s $50 million threshold and to allow allocation of certain non‑direct costs into the CPACE capital stack. Commissioner Jones moved approval and the motion passed; the board’s approval authorized a resolution, voluntary assessment agreement and related documents to proceed for the project. Why it matters: CPACE financing ties energy and resiliency upgrades to a property tax assessment repaid by the property owner, enabling large‑scale retrofit projects without county budget exposure. Matheson said Peachtree Group was the capital provider and Dreamscape and the project owner were on the presentation team. Implementation: County staff said the program does not cost the county money and the financing is structured on the property and repaid by the owner. Commissioners praised the program as an energy‑savings tool and voted to approve the requested waivers and project documents on the record.