11/18/2024 | News release | Distributed by Public on 11/18/2024 10:31
A maximum of $15.8 million annually in eligible sales tax revenues from this district will go back to the Redevelopment Agency to allocate the funds to support other business developments in this area until at least 2037.The Redevelopment Agency (RDA) was created in 1986 to revitalize downtown Las Vegas and the surrounding aging commercial districts. The RDA works with developers, property owners and the community to recruit businesses, create new jobs, eliminate blight and diversify our economy.
35.5 acres near AREA15 will officially be called the Vegas Immersive District, a new entertainment district that will include housing, businesses, new immersive experiences and much more.
It will include:
-100,000 square feet of Horror Themed Immersive Entertainment
-418,000… pic.twitter.com/pU7nqsk5y8