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Sparks Redevelopment Agency approves $10 million land purchase for possible future city hall
Summary
The Sparks Redevelopment Agency voted unanimously to buy about 7.8 acres at 650 Marina Gateway Drive from Oakmont Properties Azure LLC for $10,000,000, citing alignment with the Redevelopment Area No. 2 plan and due diligence results; agency staff said the acquisition would not require general‑fund debt.
The Sparks Redevelopment Agency on Aug. 25 approved a purchase and sale agreement to acquire approximately 7.8 acres at 650 Marina Gateway Drive for $10,000,000 from Oakmont Properties Azure LLC. Jim Rundle, the city’s community services director, presented staff findings that the parcel lies within Redevelopment Area No. 2 and that redevelopment funds may be used for land acquisition and other plan‑aligned public facilities per NRS 279 and NRS 279.47.
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