Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Las Vegas RDA approves $26.9M TIF package, land purchase and Cashman Field operating agreement with Lennar
Summary
The Redevelopment Agency approved three related agreements with Lennar covering tax‑increment reimbursements (principal capped at $26,920,417), a $1,899,244 purchase of 2.64 acres at 850 Las Vegas Blvd N., and a real‑property operating agreement for Cashman Field; staff said eligible public improvements total $16.7 million with a 6% carry‑forward rate and the OPA runs to 2046.
The City of Las Vegas Redevelopment Agency on April 15 approved three related agreements with Lennar that together advance a major Cashman redevelopment and associated public‑improvement funding, city staff said.
Dina Babsky told the board the RDA would enter an agreement to reimburse eligible public‑improvement costs through tax‑increment financing with a principal not to exceed $26,920,417. She said the agency would pay an initial lump sum after mass grading and the first…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
