Clark County approves $60M land purchase along south Strip

Clark County leaders person approved buying different tract of onshore on the southbound Strip, adding to its holdings connected a quiescent agelong of the casino corridor conscionable extracurricular McCarran International Airport property.

The County Commission this week gave the greenish airy to the Department of Aviation to get 17.2 acres adjacent the Diamond Inn Motel and the Little Church of the West wedding chapel for $60.3 million.

According to the county, the acquisition process was “conducted successful accordance” with requirements to beryllium eligible for the Federal Aviation Administration to screen up to 75 percent of the acquisition done a aboriginal grant.

The seller, Lily Funds laminitis Tom McManus, told the Review-Journal that helium expects the woody to adjacent this month.

The Tuesday ballot follows the commission’s support successful October to bargain astir 17.3 acres of mostly vacant existent property — adjacent to the recently acquired tract — for $55 million from lender TPG Real Estate Finance Trust.

All told, the Department of Aviation acquired the onshore “to support airdrome operations based connected the determination and likelihood that it would beryllium developed successful the adjacent future,” McCarran spokeswoman Christine Crews told the Review-Journal connected Wednesday.

As the landowner, the section tin guarantee that its improvement is “compatible with airdrome operations,” she said, adding officials volition “evaluate imaginable uses” for the caller holdings.

One imaginable enactment is to supply further abstraction “to grip the expanding and much divers aerial traffic” that McCarran is already seeing, successful portion due to the fact that Allegiant Stadium is present successful regular use, she indicated.

Along the southbound borderline of the Strip, the westbound broadside of Las Vegas Boulevard has megaresorts specified arsenic Mandalay Bay and Luxor. The eastbound broadside has immoderate retail abstraction and a fewer motels but besides bare tons and blighted properties, including the abandoned, partially built SkyVue reflection instrumentality project, whose 2 elephantine factual columns person been sticking retired of the crushed for years.

But properties on that agelong of the boulevard person changed hands successful the past fewer years, and caller projects person travel about.

Operators of the Pinball Hall of Fame moved the arcade to a newly built facility connected Las Vegas Boulevard conscionable southbound of Russell Road this past spring, and adjacent door, the developers of Dream Las Vegas person said they anticipation to interruption crushed connected the hotel-casino successful 2022.

Dream’s developers acquired the astir 5-acre task tract from McManus. When the edifice was announced, McManus stated the aboriginal would beryllium brighter for the southbound Strip, saying, “I genuinely judge amended days are ahead.”

It besides was February of 2020 — soon earlier the coronavirus outbreak turned the Strip into a shade municipality of closed resorts.

“A period later, the full satellite shuts down,” McManus said this week.

Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342. Follow @eli_segall connected Twitter.