TITLE

DISTRICT OPPORTUNITY

AUTHOR(S)
MILLER, VALERIE
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/10/2008, Vol. 25 Issue 45, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article explores how CIM Group, the company redeveloping the Lady Luck in downtown Las Vegas, Nevada, may benefit from the city's first Tourism Improvement District. The company, which is applying to build within the tourism district, is seeking the status to capture a 75% rebate of its sales tax from planned development. Steve Van Gorp. of the city's office of business development says the designation to build within the district allows projects to issue sales tax anticipation revenue bonds for construction.
ACCESSION #
35249013

 

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