Las Vegas Redevelopment Agency Meeting – October 16, 2025
Las Vegas Redevelopment Agency Meeting – October 16, 2025
Note: The transcript of this meeting states the date as October 15, 2025, but the provided timestamp indicates the meeting took place on October 16, 2025. This summary uses the latter date per instructions. The meeting was called to order at an unspecified time and adjourned just before the City Council meeting at 9:00 a.m.
Consent Calendar
- Item 4 – Approval of Minutes: The agency unanimously approved the final minutes of the regular redevelopment agency meeting of September 17, 2025, by reference. A motion was made and passed.
Discussion Items
- Item 5 – Reimbursement Agreement for 525 South Main Street (Gonzo Madness LLC): Staff requested a postponement to the November 19, 2025, redevelopment agency meeting for a resolution finding a $600,000 reimbursement agreement in the public interest. The motion to postpone carried.
- Item 6 – Commercial Visual Improvement Program (CVIP) for 32 West Imperial Avenue (Sticky 9 LLC / Johnny Coco's): Dina Babski, Director of Economic and Urban Development, presented a $25,000 grant to support exterior improvements including paint, signage, doors, windows, and security upgrades. The applicant, Steve Pereira, described the project as a personal passion and noted a total investment of $310,000. Councilwoman Diaz moved to approve; the motion carried.
- Item 7 – Tenant Owner Participation Agreement (TOPA) for 701 East Bridger Avenue (Nevada Grant Lab Inc.): Ms. Babski presented a $25,000 grant for tenant improvements at this downtown office building. The applicant, Miles Dixon (CEO and founder of Nevada Grant Lab), stated the nonprofit moved from a smaller office to a 5,300-square-foot space with a total renovation cost of $360,000. The lease term is eight years (six plus a two-year extension). Councilwoman Diaz moved to approve; the motion carried.
- Item 8 – Second Amendment to Master Lease for Market Hall at D Street and Jefferson Avenue (Art House for LLC / Cherry Development): Ms. Babski reviewed the project, which includes 104 workforce housing units and a 9,000-square-foot market hall/food hall in the historic West Side. The agency entered a 15-year lease for the food hall, with the intent to sublease to startup food vendors. The $8.7 million amendment covers tenant improvements ($6.5 million), of which $4.3 million will be reimbursed through a federal CNI grant associated with the Marble Manor redevelopment. Construction began in 2024 and is expected to be complete by summer 2026, with occupancy in September 2026. Councilwoman Summers Armstrong moved to approve; the motion carried.
Public Comments & Testimony
- No members of the public spoke during the citizen participation portion of the agenda.
Key Outcomes
- Minutes approved (Item 4) – unanimous.
- Item 5 postponed to November 19, 2025 – motion approved.
- Item 6 approved – $25,000 CVIP grant for 32 West Imperial Avenue (Sticky 9 LLC / Johnny Coco's).
- Item 7 approved – $25,000 TOPA grant for 701 East Bridger Avenue (Nevada Grant Lab Inc.).
- Item 8 approved – $8.7 million second amendment to the master lease for the market hall at D Street and Jefferson Avenue (Cherry Development).
- The meeting adjourned, followed by the City Council meeting at 9:00 a.m.
Meeting Transcript
The redevelopment agency meeting of October 15th, 2025 is called to order. This meeting has been properly noticed and posted in compliance with the open meeting law. These proceedings are being video recorded and can be viewed live on City of Las Vegas TV on Cox Cable Channel 2. You could also watch the meeting live online and access other city content by visiting Las Vegas Nevada.gov slash connect. The proceedings will be rebroadcast on the City of Las Vegas TV, the Wednesday of the meeting at 8 p.m. And also on Friday at 8 a.m. Saturday at 7 p.m. Sunday at 7 a.m. and the following Monday at 5 p.m. This building is protected by a state-of-the-art fire detection and prev and suppression sprinkler system. If alarms should activate during today's meeting, please evacuate using the exits at the back of the chambers out to the mezzanine, proceed out the double doors to the terrace and down the back staircase. For anyone that has difficulty with stairs, please check with a marshal or fire official for assistance. Once outside, assemble on the northeast corner across the street from City Hall at Lewis and First Street. Employees wearing safety vests or our city marshals will inform you when it is safe to re-enter the building. For public comment related to the items on the agenda, citizen participation and public hearing items, we have available a speaker card which you could complete and submit to the city clerk. Cards are available in the clerk's office or at the rear of our chambers. If you do not submit a card, it does not prevent you from speaking under public comment, citizen participation, or specified public hearing items. If there is anyone present today that has need for hearing impaired equipment, please see City Clerk staff. Please note if you are parked in the parking garage across the street, a self-validation machine is located in the foyer between council chambers and the security desk that you walk through to enter these chambers. All comments made will be cross-referenced to those specific items. If anyone submitted a speaker card or who wishes to speak under this portion of the agenda, please come to the podium, state your name for the record. Again, we will give everyone two minutes to speak. Are there any members of the public that wish to address the city council at this time? Seeing nobody, we will move on to item number four. For possible action to approve the final minutes by reference of the regular redevelopment agency meeting of September 17th, 2025. Is there a motion to approve the minutes? So moved. Please vote. Are they working? Motion carries. Uh discussion for possible action regarding a resolution finding the agency reimbursement agreement between the City of Las Vegas redevelopment agency and Gonzo Madness LLC concerning the retail lease of 525 South Main Street, suite 150 is in the best interest of the public and to be in compliance with and in furtherance of the goals and objectives of the City of Las Vegas, redevelopment agency, $600,000, RDA special revenue fund, redevelopment areas one and ward three. Um redevelopment area one, ward three, uh, Ms. Diaz. I understand staff would like to take uh would like this item obeyed until November 19th meeting. May I have a motion, Councilwoman Diaz? Yes, Madam Mayor, we're gonna hold uh agenda item five and advance until November 19th, RDA meeting. All right, please vote on the motion. Post motion passes. Agenda item number six, RA-27-2025. Discussion for possible action regarding a resolution finding the project proposed by the commercial visual improvement program agreement between the City of Las Vegas redevelopment agency and Sticky 9 LLC and Johnny Coco's uh located at 32 West Imperial Avenue to be in compliance and in furtherance of the goals and objectives of the redevelopment plan and authorizing the execution of a C VIP agreement by the RDA not to exceed 25,000, RDA special revenue fund redevelopment area one, uh ward three, Miss Diaz. Please note this item is related to council item 40, R-72-2025. Ms. Babsky. Yes, good morning, Mayor, good morning, City Council members. Dina Babski, Director of Economic and Urban Development, and I'd like to welcome our applicant, Mr. Steve Pereira. Welcome. It's a pleasure. Um let me tell you a little bit about the project. So for your consideration today is a $25,000 VIP grant for the property located at 34 West Imperial Avenue in the heart of the RS district.
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