A QOF can invest in almost any type of business, including commercial and industrial real estate, housing, or infrastructure, as well as in existing or start-up businesses.
The OppZone Portal is a tool to help the City of Las Vegas identify and track Opportunity Zone projects and investments in the community. This project is supported by the City of Las Vegas Economic and Urban Development Department.
The City of Las Vegas’ Economic and Urban Development Department (EUD) is an accredited member of the International Economic Development Council and runs the City’s redevelopment agency, encourages new development and redevelopment, offers a range of incentive programs to encourage growth, and creates connections between innovative companies in Las Vegas. Among the projects the City is focused on are within special districts, including Symphony Park, Cashman Center, the Las Vegas Medical District and Enterprise park. Click below to learn more about each of these unique districts, or visit the EUD website.
Located on 61 acres in the heart of downtown Las Vegas, Symphony Park is the city of Las Vegas’ premier development that is home to arts, culture, science and medicine. It offers one of the city’s most exciting and prime opportunities for retail, restaurant or mixed-use development.
Symphony Park retail and restaurants are key amenities that will service the development’s primary anchors, including:
Neighboring businesses, including those from Molasky Corporate Center, Las Vegas Premium Outlets North and future World Market Center Convention Center will also benefit from future retail and restaurants.
Symphony Park is within the Las Vegas Redevelopment Area in the heart of downtown Las Vegas. The area’s second largest employment center, downtown Las Vegas boasts a major hospitality district comprised of nearly a dozen hotel/casinos with landmark museums and attractions such as the Fremont Street Experience, that combined, employ thousands and draw more than 24 million annual tourists to the area. Symphony Park is centrally located with easy access to U.S. 95 and Interstate 15.
Given the desirability of Symphony Park, recent development activity has been strong. Two projects currently in development include a luxury apartment complex with 300 multifamily residential units and ground-floor retail; and a second multifamily residential project includes 299 units with 4,000-square-feet of retail.
In addition, there are nearly 1,000 new residential units in a variety of price points currently under development in the downtown area to meet the growing demand for urban living. An additional 4,000 units are in the planning stages.
The city of Las Vegas owns approximately 50 acres near the place where nostalgic cool meets modern innovation, also known as downtown Las Vegas. Close to hip amenities enjoyed by millions of downtown visitors each year, Cashman Center is a multi-use facility, home to the Las Vegas Lights Football Club of the United Soccer League.
Named after one of the city’s founding families, this unique space has a long history of providing business and family entertainment opportunities, hosting scores of sports events and conventions. In fact, Cashman boasts remarkable flexibility in its ability to host a variety of events.
Currently, the convention and meetings space is being reconfigured. However, the multi-use facility encompasses 483,000-square-feet and includes the following active spaces :
The Cashman site is close to Interstate 15 and U.S. 95. A total of seven freeway interchanges will provide access to the site: four exist now, one will be in place in 2019 and two more are planned.
Cashman Center is located within the Innovation District, which is a center for testing groundbreaking technologies created by the city of Las Vegas to encourage and attract tech companies of all kinds. A demonstration site it currently located within the Fremont East Entertainment District (FEED) and it allows testing of new technologies.
The Las Vegas Enterprise Park is a 75 acre mixed-use business park developed by the city of Las Vegas. Located on the southwest corner of Lake Mead and Martin Luther King boulevards, the park is zoned for mixed-use development under the city’s zoning standards. This standard provides an environment for the development of modern administrative facilities, research institutions and specialized manufacturing operations. The essence of the business park is to provide for an aesthetically attractive working environment with well-landscaped grounds, attractive buildings, ample employee parking and other amenities appropriate for development. The city of Las Vegas developed the Las Vegas Enterprise Park to offer many attractive features for civic, light-manufacturing/assembly, medical office and commercial retail businesses.
Have questions, comments or suggestions? Email the OppZone Portal team here (support@OppZonePortal.com). OppZone Portal is a service provided by the team at Applied Analysis, an economic, fiscal and public policy consulting firm.