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Building Incentive's Appeal Is Unlucky Break For Las Vegas

Posted by: Nate Berg

13 July 2007 - 9:00am

A highly favorable tax incentive for green building in Las Vegas could cost the city up to $50 million per year -- an unintentionally high price tag for a program few were expected to take advantage of.

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"A Nevada state assemblywoman had an idea in a flash: Encourage green building in Las Vegas by offering a tax break. How much of a break? Oh, say 50 percent – to make it attractive."

"Three years later, the break has proved too attractive. The 'flash of inspiration' could cost the state hundreds of millions of dollars."

Legislators are now looking to scale back the incentive.

Full Story: Vegas' Green 'Flash' Could Cost Nevada Millions
Source: NPR, July 12, 2007
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