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RDA approves $1.125 million purchase of 0.36-acre site on S. Las Vegas Blvd for planned artist housing
Summary
The City of Las Vegas Redevelopment Agency authorized purchase of 0.36 acres at 1421 South Las Vegas Boulevard for $1,125,000 to be combined with an adjacent parcel for future affordable artist housing in partnership with Artspace.
On June 18, 2025, the City of Las Vegas Redevelopment Agency approved acquisition of 0.36 acres at 1421 South Las Vegas Boulevard for $1,125,000, with the stated intent to combine the parcel with an adjacent site to support a future affordable-housing project for artists.
Dina Babsky, director of Economic and Urban Development, told the agency staff had previously approved acquisition of the adjacent site (1431 South Las Vegas Boulevard) and that combining the parcels would “make the future home of the affordable housing for the artists” and enlarge the prospective project being developed with Artspace. Babsky presented the $1,125,000 purchase price and the 0.36-acre parcel as part of Redevelopment Area 1 in Ward 3.
Councilwoman Diaz moved to approve the real property purchase and sale agreement; the motion carried on the record. The transcript does not include a roll-call vote tally. Agency members praised expanding the site as a step toward revitalizing that portion of the boulevard and supporting future offerings.
Staff did not provide construction timing, the total project budget, or a closing date for the purchase in the presented remarks; those details were not specified on the record. The action authorizes the acquisition from E Cetacia Holdings LLC from RDA special revenue funds and directs staff to proceed with the purchase consistent with the terms presented to the agency.
