Las Vegas council approves sale of 6211 Vegas Valley Drive to developer for veteran housing

The Las Vegas City Council on Dec. 17 voted to approve a letter of intent and a resolution authorizing sale of city-owned property at 6211 Vegas Valley Drive to Patriot Housing LV LLC for $8,000,959, less than the staff-appraised value of $8,960,000. The approvals followed a public hearing and a presentation by the applicant’s representative.

Theresa Boyce, the city’s real estate manager, opened the hearing and said the property had been appraised at $8,960,000. Bob Groenauer, representing Patriot Housing and its development partner, said the proposal would use roughly 14.7 acres of the 31-acre parcel and deliver housing aimed at veterans. Groenauer said the plan calls for about 348 units, including approximately 108 supportive-housing units and 240 affordable apartments, and for on-site wraparound services to assist residents.

Councilmembers asked staff and the applicant about timing, entitlements and next steps. Groenauer told the council the project team will pursue entitlements with Clark County and negotiate a development agreement with the city; he said the entitlement process could take four to six months. Councilmembers who spoke during the hearing expressed support for veteran housing and welcomed the project to Ward 4.

The council separately approved a resolution under NRS 268.063 finding it is in the public interest to sell city property for less than fair market value to Patriot Housing and then approved the letter of intent for the sale. Both motions carried without recorded opposition.

Next steps will include completion of county entitlement reviews, negotiation of a disposition and development agreement with the city, and subsequent site development reviews. City officials and the developer said they will return to the council with specific plans and timelines as those processes advance.