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Agency reports stronger-than-expected revenues, outlines process for new redevelopment designations
Summary
Director Anthony Malloy told the board the agency has collected about $47 million (roughly 110% of expected revenue) through the third quarter and said staff is monitoring areas that may qualify as new redevelopment zones under NRS 279; board members asked about sunset timelines for existing areas.
At the meeting, Anthony Malloy delivered the redevelopment agency's third-quarter financial update and fielded questions about redevelopment area sunsets and the designation process.
Malloy said the agency is about two-thirds through the fiscal year and has collected approximately $47 million for all redevelopment areas, representing roughly 110% of what had been…
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