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Developer outlines infrastructure, power and workforce plans for large Victory master plan
Summary
MarkV Capital presented a two‑year update on the Victory master‑planned development near Fernley, describing completed speculative buildings, a UP rail spur, a Nevada Pacific Parkway project, a planned local power district and workforce training partnerships with Western Nevada College.
At a time‑certain presentation the Lyon County Planning Commission heard a two‑year update from MarkV Capital about the “Victory” master‑planned development north of Interstate 80.
Rick Nelson, project leader for the Victory development, told commissioners the team has completed early speculative industrial buildings (including a parcel sold to Microsoft), installed stormwater basins and advanced a rail spur and access roads. Nelson said the development is designed in districts—logistics, innovation (data centers), rail and workforce—and that infrastructure work now under way includes mass grading, sewer/water headworks and utility easements for an on‑site transmission connection.
Nelson described transportation and public‑realm investments: a UP rail spur expected to connect to the main line in mid‑July, a privately funded Nevada Pacific Parkway to be constructed and eventually turned over to the city/state, and an interconnected trail and greenway system. He said the bridge portion of the Parkway will take about 18 months and the full corridor to completion could run through 2028.
On energy, MarkV said the development has pursued multiple paths. The company is advancing a Great Basin gas pipeline under pre‑application review with federal regulators and seeking Fast 41 acceleration; it also plans a natural‑gas generation resource and is exploring geothermal and solar options to diversify power for tenants. MarkV has created a Victory power district to provide local service and pledged a franchise revenue share to the City of Fernley.
Nelson emphasized workforce partnerships, noting a donated 40,000 square feet to Western Nevada College for vocational training. He said federal directed funds were secured for initial training programs and that the development expects sustained demand for trained trades including welding, electricians and CDL operators.
Commissioners and residents asked about housing, water management, construction timing and how on‑site power will interact with NV Energy’s regional projects. Nelson said a 4,000‑acre master plan is underway for a 20‑year buildout that includes housing nodes, schools and civic uses; he also described a staged wastewater/headworks schedule and plans to prioritize water reuse where possible.
No formal county action was taken; the presentation served as an informational update and staff said future entitlement steps and development agreements would proceed through standard county channels.
