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City Of Las Vegas Redevelopment Agency Continues To Move Forward

The city of Las Vegas Redevelopment Agency (RDA) continues to work in concert with the community and private sector to reverse the physical, economic and social blight within the city’s downtown core. On March 9 another new entertainment venue, Don’t Tell Mama, opened in Fremont East, an entertainment district on Fremont Street between Las Vegas Boulevard and Eighth Street. The area underwent extensive renovations last year that included new neon signage in the median of Fremont Street that harkens back to the days of vintage Vegas. It also included widened sidewalks for a more pedestrian-friendly area.
Don’t Tell Mama is an offshoot of a popular bar by the same name that was formerly located in New York. It is a piano bar that features singers and a piano player who formerly worked at the New York location.
The RDA will showcase locations in Fremont East, including Don’t Tell Mama, and other locations in the Redevelopment Area in an upcoming bus tour for commercial real estate brokers, lenders and development professionals. The Insider’s Real Estate Tour is scheduled for Tuesday, March 24, and will focus on key business projects that are currently under construction, as well as those expanding and in the advanced planning stages.
Successful projects like Don’t Tell Mama have helped increase the tax revenue that comes from the Redevelopment Area. Over the last five years the tax revenue generated by the RDA has tripled from roughly $8 million a year to $25 million per year.
About 20 percent of these new tax revenues from the RDA go toward education and critical public services. This in turn provides additional funding for education and city services. Over that same time period the RDA has developed 104 projects totaling $3 billion in private investment, which created 7,660 permanent jobs and 10,917 construction jobs.
For more information on the RDA, visit www.lvrda.org.
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