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Council clears sale of city parcel on West Lake Mead Boulevard for sit‑down restaurant
Summary
The council approved a disposition and development agreement selling 1.21 acres at 1611 West Lake Mead Boulevard to RW Advance LLC for an under‑market price to attract a casual sit‑down restaurant and create jobs in Ward 5.
The Las Vegas City Council on Sept. 17 approved a disposition and development agreement to sell a city‑owned 1.21‑acre parcel at 1611 West Lake Mead Boulevard to RW Advance LLC for $400,000, a price city staff described as below market to spur redevelopment in an area the community has asked be served by a family‑style sit‑down restaurant.
The parcel was appraised at $1.2 million, according to Economic and Urban Development Director Dina Babbski, and the sale price reflects a strategic, discounted land…
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