Symphony Park Development
Two new residential projects were approved and are scheduled to break ground in early 2019; combined, the projects will bring 600 rental units, 25,000 square-feet of retail space and 700 structured parking spaces to downtown. Additionally, we are constructing two multi-level parking garages that will provide an additional 1,250 spaces and 25,000 square-feet of retail space.
World Market Center Expansion
The World Market Center is expanding to build facility to accommodate large-scale tradeshows, events, conventions and exhibitions throughout the year. Construction is anticipated to begin in 2019 and take approximately 18 months to complete.
We continue to incentivize local business owners and developers to renovate downtown. In 2018, over $1,000,000 was provided towards projects in the redevelopment area.
New Market Tax Credits
We were granted $55 million in additional New Markets Tax Credits from the federal government which has resulted in the revitalization of buildings such as the new State Supreme Court Building and the renovation and restoration of the Historic Westside School. Additional projects include the Visions of Greatness Center and the East Las Vegas Library.
We are making investments to improve mobility and safety, provide reliable transportation choices and showcase technology which has led to the establishment of an Innovation District to support smart city technologies. In 2018, we embarked on a ground-breaking public/private partnership with Nippon Telegraph and Telephone (NTT) and Dell Technologies to leverage Internet of Things (IoT) technology and edge analytics to help improve public safety.