| 9/21/2021 |
Clark County Redevelopment Agency
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Agenda note: DOCUMENT(S) SUBMITTED:
1. Evaluation of Redevelopment Areas (4 pages) submitted by staff
2. RDA Overview and Profiles (21 pages) submitted by staff
DISCUSSION: Following introduction of the item, the Board received a report from Shani Coleman, Director of Community and Economic Development, regarding the Nevada Revised Statute (NRS 279.519) which dictates how redevelopment agencies are created; redevelopment area evaluation requirements included at least 75 percent of the land in the proposed area must be improved, can include both private and publicly owned land and improvements, not required to be contiguous to another redevelopment area, must be a regular shape with easily visible ground features, can be redeveloped in conformity with the redevelopment goals and in the interest of peace, health, safety, and welfare, and the proposed area was determined to be blighted; blight was a legal term defined by NRS 279.388; and advised that a blight study was conducted to determine if an area met at least four of the eleven characteristics to satisfy the criteria to be labeled as blighted.
The Board was addressed by Brian Gordon, with Applied Analysis, who presented a report on an overview and profile of the County’s three existing redevelopment areas (RDA).
Brian Gordon discussed the locations for the three areas as: RDA 1 was in Winchester Township between Las Vegas Boulevard and Maryland Parkway, and held the most taxable value at approximately $3 billion; RDA 2 was located on the southwest corner of Maryland Parkway and Desert Inn Road, across the street from the Boulevard Mall; and RDA 3 was located in Sunrise Manor east of Boulder Highway, at the intersection of Boulder Highway and Sahara Avenue.
Brian Gordon described the areas as: RDA 1 encompassed approximately 255 acres including the Las Vegas Festival Grounds, Sahara Hotel and Casino Las Vegas, timeshares, high-rise condos, multifamily residential properties, and two potential development projects; RDA 2 encompassed approximately 18.5 acres with multiple owners of commercial establishments with disjointed development; a commercial corridor with retail shops and strip malls, financial institutions, the former Maryland Square, and the JobConnect office for the Department of Employment, Training, and Rehabilitation; and RDA 3 encompassed approximately 33 acres including an apartment complex, convenience store and gas station, boat and recreational vehicle storage business, and a large vacant commercial building.
Brian Gordon discussed the demographic profiles of the areas as: RDA 1 consisted of approximately 3,000 people residing within approximately 1,600 households, the average household size was smaller at approximately 1.8, the median age was higher than the overall average, and the median income was slightly lower than the County as a whole; RDA 2 was defined as exclusively commercial without residents; and RDA 3 consisted of a single multifamily residential rental property with a population of 477 residents within approximately 250 households, had a younger demographic when compared to RDA 1, with lower incomes than the broader average with approximately one out of five people living below the poverty level.
The Board was then advised of the comparison of owners versus renters: RDA 1 contained a mix of renter-occupied and owner-occupied units, with approximately 60 percent being renter-occupied, which was slightly higher than the overall average in Southern Nevada; RDA 3 consisted of a single apartment community, with 100 percent being renter-occupied.
Brian Gordon compared the educational attainment of the areas: RDA 1 consisted of a higher education with approximately 40 percent of people earning a Bachelor’s degree or higher; and RDA 3 consisted of a slightly lower educational attainment level when compared to the broader average.
The Board was advised of the race and ethnicity metrics within each area: RDA 1 was similar to the broader Southern Nevada market in terms of the demographic breakout; and RDA 3 was more Hispanic and Latino.
In response to Commissioner Segerblom, Shani Coleman advised that the three RDAs were established in 2003. | |
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