Building Incentive's Appeal Is Unlucky Break For Las Vegas

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.

"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

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month