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Commission approves $176.5 million CPACE financing waiver for Rio resort upgrades
Summary
The board approved waivers to allow a CPACE (Commercial Property Assessed Clean Energy) financing package exceeding the program’s usual $50 million threshold for energy and efficiency improvements at the Rio hotel‑casino at 3700 W. Flamingo.
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…
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