Clark County Redevelopment Agency staff told commissioners on July 16, 2025, that adding several newly approved redevelopment districts increases estimated fiscal year 2026 revenues by roughly $579,000, raising the agency’s working budget for the year.

The agency’s director reported the redevelopment fund balance is about $26.4 million and that the tentative budget approved in May — roughly $20.2 million in projected revenues — did not include revenues from areas approved in February. “With the addition of the new areas, we will see an increase in revenue of about $579,000,” the director said during the meeting.

Why it matters: the revised revenue estimate will be used to update the FY26 budget and could affect how much redevelopment money is available for projects across multiple districts.

Staff outlined estimated FY26 revenues tied to newly included or recently closed redevelopment areas. The director identified the following estimates (staff emphasis that first-year amounts are low because the numbers represent base-year figures and do not yet reflect redevelopment-driven increases): Maryland Parkway–Sahara, about $20.3 million; the Sahara–Boulder Highway corridor, about $77,000; a Paradise-area district in District E, about $27,000; a Maryland Parkway–Flamingo corridor new area, about $10,000; Chinatown, about $353,000; Rainbow–Spring Mountain area, about $7,000; and a new Boulder Highway–Stephanie area, about $40,000.

Staff said the $20.2 million figure the board approved in May is the existing revenue projection and that adding the newly estimated revenues yields the $579,000 increase for FY26.

No formal action on budget changes was taken during the meeting; staff presented the revenue update and invited questions from commissioners.

Clarifying details discussed during the presentation included that these figures reflect base-year collections (so large increases tied to redevelopment activity are not expected in the first year), and that staff will return with an updated dollar figure for the FY26 budget once internal reconciliation is complete.

Staff closed the presentation by offering to take questions from commissioners.