The Las Vegas City Council is considering creating a new Revelopment Area 2 along three major corridors west of the downtown in areas that include blighted properties. The designation will help the city revitalize the area with special financing options, such as using tax increment revenue from the area.
Friday, July 20, 2012 | 1:30 p.m.
The Las Vegas City Council will seek public input next week on a plan to slow and prevent blight just west of downtown.
The council on Wednesday will go over a proposal to create a redevelopment area along Sahara Avenue, West Charleston Boulevard and South Decatur Boulevard and a plan for improvements.
About two-thirds of the commercial parcels — 469 of 638 parcels in the area — are deteriorated or dilapidated under blight criteria, according to the city’s Redevelopment Agency.
The proposed redevelopment area would also include three residential neighborhoods: Richfield Village, Las Verdes Heights and Hyde Park Subdivision.
Designating the neighborhood as a redevelopment area would give the Redevelopment Agency the authority to rehabilitate and revitalize the area. That could include helping pay for projects with tax increment revenue or creating public/private partnerships.
The public hearing will begin at 1 p.m. Wednesday in the council chambers at City Hall, 495 S. Main St.
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