A development deal described as the most complex in recent Southern Nevada history is moving forward. The end result could be another digitally enabled city, in line with efforts in other cities like Toronto and TK.
"Months after announcing plans for a futuristic mini-city in Las Vegas, the developer has reached a deal to buy a project site for more than $300 million," reports Eli Segall.
The deal still needs to close, according to Segall, and there's no guarantee it will. "But the announcement is a key step for a tech-heavy, $7.5 billion project that had been shrouded in mystery in some keys ways since its unveiling — and whose developer, the Review-Journal confirmed, is Janet Garcia-Legrand of Miami, who was arrested in 2017 in connection with an alleged scheme to defraud a south Florida city."
Contributing to that mystery is the developers' reliance on "an arsenal of buzzwords" to describe the project, "saying the project will feature net-zero buildings, artificial intelligence, augmented reality, supertrees and self-healing concrete structures."
More details on the real estate deal and the potential final form of the development are included in the article.
Read the full story: Developer strikes deal to buy land for futuristic Las Vegas mini-city
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