Land - Plot for Sale in Las Vegas | United States - Ref 577656
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Property No Longer Available
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Land/Ruins Description
17 acres of City-owned streets and alleyways previously vacated for +/-73 gross acres with blended price of $188 per sqft.
We are presenting a unique project site on the Las Vegas Strip next to the MGM/Dubai/Kerzner future hotel & casino and the Stratosphere Hotel & Casino recently acquired by Goldman Sachs! Please visit [link removed] for more details on this opportunity.
?Project Neon Lights? is one of the most unique real estate assemblages in history containing approximately 56 net acres in the heart of the City of Las Vegas and is being offered 50% below January 2007 appraised value. The site had achieved zoning for a mixed use development including gaming, retail, condo, hotel and a 22,000 seat events arena. This property has +/-17 acres of City-owned streets and alleyways which previously had been vacated at no additional expense to the buyer and presented a +/-73 gross acre development site. These past entitlements still exist today and have the potential to be negotiated with the sale of this project. Additionally, our site is located in a City redevelopment area and had obtained an approximate $600 Million Tax Increment Financing (TIF) package based on the tax revenue of the future development which was previously approved by the City. Furthermore, the development has potential for the City?s assistance in securing bond financing for arena construction.
Project Neon Lights may be acquired in its entirety or in portions with financing options available. We can also introduce potential joint venture opportunities for development or with major gaming firms who have expressed an interest to manage operations.
Please call us at (702) 478-7000 or log on to [link removed] if you are interested in more details on Project Neon Lights.
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€454,924,558 | £380,453,408 | US$600,000,000 (Currency and Foreign Exchange services supplied by  )
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| Type |
Land/Ruins |
| Category |
Off plan |
| Listed |
over 1 year ago |
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Price: US$600,000,000
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