Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Las Vegas council approves Internet auction for 50.25-acre Cashman site, staff outlines timeline and terms
Summary
The City Council approved a resolution declaring the city's intent to sell 50.25 acres at 850 Las Vegas Boulevard North via an internet auction; staff described an online auction timeline, buyer's premium and an anticipated closing window pending entitlements.
The Las Vegas City Council on Feb. 5 approved a resolution declaring the city's intent to sell the 50.25-acre Cashman property at 850 Las Vegas Boulevard North through an Internet auction.
Real estate manager Theresa Boyce told the council the parcel comprises two APNs totaling 50.25 acres and carries an indicated value of $36,140,000. City attorneys and staff said the auction will be Internet-based and described terms and timing for bidders.
Why it matters: The Cashman parcel is a large city-owned site in Ward 5 that city staff and a council member described as having potential for mixed uses, including housing and commerce. The council's action…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
