Redevelopment Agency - 2026-01-21
Meeting Intelligence Preview
Meeting Summary
The Las Vegas Redevelopment Agency approved modernization of four incentive programs and created a new Tenant Improvement Incentive Program targeting downtown office vacancy.
Key Decisions (6)
Business Security Grant Program Expansion
Commercial Visual Improvement Program (CVIP) Changes
Multifamily Residential Improvement Program Changes
Development Activity (3)
Civic Plaza Restaurant
Commercial
Former Grant Sawyer State Building Site Redevelopment
Other
Former Grace Presbyterian Church Site Redevelopment
Other
Market Signals (5)
Commercial Demand
Downtown Las Vegas experiencing significant office vacancy in Class B…
Commercial Demand
Construction costs have risen significantly since 2015, necessitating doubling of…
Housing Demand
Multifamily improvement program has leveraged nearly $13 million in private…
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