Las Vegas Sun

July 16, 2018

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City reallocates $3.5 million of Smith Center construction fund

Click to enlarge photo

The grand lobby of Reynolds Hall at the Smith Center for the Performing Arts.

With construction on the Smith Center for the Performing Arts coming in under budget, the Las Vegas City Council reallocated $3.5 million to other aspects of the project Wednesday.

The city allocated the excess from several different contingency funds to four different areas.

From the rental-car contingency fund, which includes money generated from the rental-car tax levied to help build the center, $500,000 will be given to the nonprofit Smith Center to purchase furniture, fixtures and equipment for the building. Another $1 million from the rental-car fund will be distributed directly to the center.

The city’s redevelopment agency will receive $1.5 million from a contingency fund set up with city money.

The Smith Center’s contingency fund will spend $500,000 of the excess to pay for the construction of a parking garage and sidewalk for the Lied Children’s museum.

The vote was unanimous by the city council at its Wednesday meeting.

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