Las Vegas Hoping To Develop Its Downtown

5 June 2001 - 11:00am

City officials will be review several proposals during the next few weeks to determine the amount of funds the city is prepared to invest in downtown development.

"As the old saying goes, you have to give a little to get a little, and city officials will have to determine just how much the city is willing to give -- by way of funding and other improvements -- to ensure that developers will invest millions of dollars on downtown projects. Four proposals for 61 acres of land downtown, near the Clark County Government Center, were released Friday, giving the mayor and City Council the weekend to absorb the lengthy reports and the prospect that something spectacular could rise out of land that has been vacant and dusty for years. All four developers have a vision for the land, but they are also asking the city for assistance to bring the projects to fruition."

Source: Las Vegas Sun, June 4, 2001
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