Las Vegas redevelopment agency approves $100,000 in downtown improvement grants

The City of Las Vegas Redevelopment Agency on Feb. 19 approved three grant resolutions totaling $100,000 to support downtown building improvements, including a $25,000 visual improvement grant for Abel Baker Brewing Company and two grants for a 16‑unit multifamily property at 415 South 10th Street.

Dina Babsky, director of economic and urban development, presented the Abel Baker proposal and described the $25,000 Commercial Visual Improvement Program (CVIP) award as support for a new patio cover, misters and additional lighting to expand the venue’s outdoor seating. "Today for your consideration, we are presenting a $25,000 visual improvement program grant for the Abel Baker Brewing Company," Babsky said. The agency authorized execution of the CVIP agreement not to exceed $25,000 from the RDA special revenue fund.

The agency heard two related items for 415 South 10th Street, proposed by KLA Capital Series LLC. Dina Babsky described a $50,000 multifamily residential unit improvement program (MFR‑UIP) award and a $25,000 multifamily residential visual improvement program (MFR‑VIP) award for the same property. Babsky said the project involves a two‑building, two‑story complex totaling 16 units and that the applicant is contributing "almost $600,000" in private investment to rehabilitate interiors and exteriors. Applicant Adam Foulade, who identified himself during the hearing, said the work will include new flooring, electrical upgrades, new kitchen and bathroom fixtures, replacement windows, paint, brick veneer and landscaping. "The goal is to get it to a point where the tenants care for where they live," Foulade said.

Randy Rhode, representing the Abel Baker project, thanked the agency for the partnership. "I just appreciate your time and, we appreciate you helping us get this project done. We've been downtown for about 5 years now and it's, it's been good for us," Rhode said.

Councilwoman Olivia Diaz moved approval of the Abel Baker CVIP item and later moved approval of both multifamily items; each motion was adopted by the agency. The transcript records that motions "carried" or "passed," but does not include a roll‑call vote or numerical tally.

Why it matters: Agency staff and council members framed the grants as targeted investments to support downtown revitalization and to bring vacant or dilapidated properties back into productive use. The multifamily project sits across from the Las Vegas Academy of the Performing Arts and, according to staff, aims to return 16 units to the housing market with substantial private investment.

Votes at a glance

- RA‑18‑2024 (CVIP): Approve CVIP agreement with EAE Property LLC / Abel Baker Brewing Company for improvements at 1510 South Main Street, Suite 120; grant not to exceed $25,000 (RDA special revenue fund). Motion carried; mover: Councilwoman Olivia Diaz; vote tally not specified in transcript.

- RA‑4‑2025 (MFR‑UIP): Approve multifamily residential unit improvement program agreement with KLA Capital Series LLC for 415 South 10th Street; grant not to exceed $50,000 (RDA special revenue fund). Motion passed; mover: Councilwoman Olivia Diaz; vote tally not specified in transcript.

- RA‑5‑2025 (MFR‑VIP): Approve multifamily residential visual improvement program agreement with KLA Capital Series LLC for 415 South 10th Street; grant not to exceed $25,000 (RDA special revenue fund). Motion carried; mover: Councilwoman Olivia Diaz; vote tally not specified in transcript.

The redevelopment agency adjourned after citizen participation saw no speakers; the City Council meeting was scheduled to begin at 9 a.m.