Las Vegas Downtown Centennial Plan - City of Las Vegas

Downtown Las Vegas has a rich legacy of business, commerce, entertainment,lodging and culture. It ranges from the founding of the First State Bankof Las Vegas on the corner of First and Fremont Streets in 1905 to the ultra,high-tech entertainment spectacular of today’s Fremont Street Experience.Downtown Las Vegas has long served as the hub of the entire Las Vegas Region(Map 2). Over the last generation though, office development has dispersedto new suburban centers like Summerlin and Green Valley. The original blockpattern, and especially the small parcel layout, presents the greatest challengefor downtown redevelopment. Many 25 and 50-foot wide lots still remainacross downtown under separate ownership. Modern development seldomhappens in 25-foot wide increments. The smallest parcels feasible for currentdevelopment standards are larger than a half block, with many on a fullblock or larger. In 1996, the City Council, in an effort to reduce the artificiallyhigh land values recommended several blocks be removed from the GamingEnterprise Overlay District (Map 3). The Nevada State Legislative bodyconcurred with the recommendation and removed the said blocks in 1997.7LAS VEGAS DOWNTOWNCENTENNIAL PLANV I S I O NMAP 2: DOWNTOWN AS THE HUB OF THE LAS VEGAS VALLEYMap shows downtown at center of current urbangrowth boundary at crossing of the region’smajor interstate highwaysLAS VEGAS DOWNTOWN CENTENNIAL PLANPD-0012-08-2012RS