RJ: New program may spur additional business in Las Vegas
By Bailey Schulz
April 28, 2018
Located on the corner of Maryland Parkway and Dumont Boulevard, Champagne’s Cafe sits on the edge of one of 61 newly nominated opportunity zones in Nevada.
Greg Sims, the owner of the historic bar, described the neighborhood as “up and coming.”
Located in the heart of Las Vegas, over 53 percent of the census tract’s population lives in poverty, according to the city of Las Vegas. The area connects McCarran International Airport, UNLV and downtown. Clark County officials hope to make the area more transit-oriented and walkable. A new federal program could help to make that vision a reality.
The opportunity zones tax incentive would allow investors to put money toward development in certain communities.