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Home , Las Vegas Boulevard, Las Vegas Strip

FOR SALE 38.50 ACRES ON THE WORLD-FAMOUS STRIP

HACIENDA AVENUE

LAS VEGAS BOULEVARD

RUSSELL ROAD

Michael Stuart Mike Mixer, Executive Vice President Executive Managing Director +1 702 836 3739 +1 702 836 3777 THE LARGEST PRIVATELY OWNED LAND ON THE [email protected] [email protected] CONFIDENTIALITY AGREEMENT

© 2018 Colliers International

This Confidential Offering Memorandum (the “Memorandum”) is being delivered exclusively by Colliers International (the “Agent”) to a party who may be interested in the acquisition of the 38.5 Acres (the “Property”), described in this Memorandum. This is a private offering, made only by delivery of a copy of the Memorandum to the recipient (the “Recipient”). By accepting this Memorandum, the Recipient agrees to comply strictly with the terms and conditions of the Confidentiality Agreement previously executed and delivered to the Agent by the Recipient with respect to this Memorandum and all information contained herein, and to use this Memorandum only for the purpose of evaluating the offering made hereby.

The material contained in this Memorandum is provided solely to assist the Recipient in determining whether it is interested in making an investigation or evaluation concerning a potential purchase of the Property. Neither the Agent nor any affiliates or client of the Agent which term includes related entities, the owners of any equity interest in the Property, (“Owner”), the manager of the Property (“Manager”), and any officers, employees and agents of any such parties make any representations or warranties with regard to the accuracy or completeness of the information contained herein. This Memorandum may include statements and estimates provided by the Agent, the Owner, or the Manager with respect to the anticipated future performance of the Property. Nothing contained in this Memorandum should be construed as a representation as to the future performance of the Property, and the Recipient acknowledges and agrees that any statements or estimates relating to future performance reflect various assumptions concerning the Property’s anticipated results, which may or may not prove to be correct. No representations are made as to the accuracy of such statements and estimates, and none of the Agent, the Owner, the Manager, or any related entities shall have any liability with respect to or arising from any inaccuracy in such statements or estimates. Statements made in this Memorandum as to the content of any contract or other document referred to, are not complete or definitive descriptions, but summaries or portions thereof. Each such statement is qualified by its reference to the full text of the contract or document, copies of which will be made available by the Agent to Recipient upon request. In addition, not all contracts or other documents, which may be relevant, have been summarized or referenced in this Memorandum. This Memorandum is being delivered by the Agent to a prospective purchaser with the understanding that it will independently investigate those matters which it deems appropriate in evaluating the Property and will rely solely on its own investigation in determining whether to purchase the Property.

This Memorandum does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in the Property in any jurisdiction in which, or to any person for which, such offer, sale, or solicitation would be unlawful. Except where otherwise indicated, the information contained in this Memorandum has been prepared as and no obligation is assumed to supplement or modify the information to reflect subsequent events or conditions. Nothing contained in this Memorandum may be construed to constitute legal or tax advice to a Recipient concerning the Property or purchase of the Property.

More detailed information regarding the expected terms, conditions, and timing of the offering of the Property will be provided in due course by separate communication with each Recipient. The Agent, the Owner and the Manager reserve the right to engage in discussions or negotiations with one or more recipients or other prospective investors at any time without notification to, or other obligation to, any other Recipient or prospective investor. The offering made hereby is subject to a change in terms or termination without notice. The Owner and the Manager will remain free to operate the Property in their sole and absolute discretion during the evaluation and offering process, including the taking of such actions, whether within or outside of the ordinary course of business, which the Owner or the Manager shall deem necessary, prudent or desirable.

The Agent reserves the right to require the return of this Memorandum and any other material provided to the Recipient at any time. Acceptance of this Memorandum by the Recipient constitutes acceptance of the terms and conditions outlined above.

Michael Stuart Mike Mixer, Executive Vice President Executive Managing Director +1 702 836 3739 +1 702 836 3777 [email protected] [email protected] FOR SALE 38.50 ACRES ON THE WORLD-FAMOUS LAS VEGAS STRIP

TABLE OF CONTENTS

05 08 EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS 12 13 TOP GROWTH MARKET MONORAIL EXPANSION

15 APPENDIX OFFER PROCESS LAS VEGAS MARKET OVERVIEW

THE LARGEST PRIVATELY OWNED LAND ON THE LAS VEGAS STRIP SOUTH

3RD LARGEST 4TH LARGEST 4,408 ROOMS 4,008 ROOMS 2ND LARGEST 4,752 ROOMS

HACIENDA AVENUE 750’ OF FRONTAGE

LAS VEGAS BOULEVARD

RUSSELL ROAD

COLLIERS INTERNATIONAL – 38.5 ACRES OF LAND – INVESTMENT OFFERING EXECUTIVE SUMMARY Colliers International is pleased to present an opportunity to purchase ALL or PART of the largest privately owned assemblage remaining on the famed, Las Vegas Strip. The greatest density of rooms and guests are within four blocks of the site. The subject parcel has approximately 750 feet of Strip frontage which is more than MGM Grand, Paris and the Venetian. Additionally, the property is within walking distance, approximately ½ mile, from

LARGEST the ’ new $1.9B stadium, which will open in 2020. 5,690 ROOMS

APN ADDRESS ACREAGE

162-28-202-013 95 East Ali Baba Lane 8.965

162-28-301-001 47 East Road 0.769

162-28-301-002 47 East Mandalay Bay Road 0.450

162-28-301-010 3953 Las Vegas Boulevard 0.233

162-28-301-029 N/A 5.822

162-28-301-032 3951 Las Vegas Boulevard 3.348

162-28-301-033 N/A 3.767

162-28-301-034 3965 Las Vegas Boulevard 3.026

162-28-301-036 3941 Las Vegas Boulevard 1.760

162-28-301-037 N/A 1.820

162-28-302-001 N/A 2.229

162-28-310-001 N/A 6.286

Located adjacent to 4 of the 5 38.50 ACRES largest in North America

5 ZONING H-1 – Limited and Apartment District, Clark County. The H-1 Limited Resort and THE SOUTH VIEW OF THE PROPERTY WILL Apartment District is established to provide for the development of gaming enterprises, compatible commercial, and mixed commercial and residential uses, and to prohibit the BE UNOBSTRUCTED FOREVER BECAUSE THE development of incompatible uses that are detrimental to gaming enterprises. BUILDABLE HEIGHT LOWERS GOING SOUTH ON LAS VEGAS BOULEVARD. Unlike other major urban centers, Clark County does not have floor area restrictions that establish a maximum number of buildable square feet. This site lends itself to a very dense mixed-use project capitalizing on the many uses permitted under the existing zoning.

FAA APPROVED HEIGHT ALLOWANCE UP TO 505 FEET The Federal Aviation Administration (FAA) has provided determination letters for the Site approving a height of 505 Feet fronting Las Vegas Boulevard and decreasing to 354 feet on the eastern portion of the site.

38.50 ACRES

6 FAA APPROVED HEIGHT ALLOWANCE UP TO 505 FEET

505’ 354’

284’

91’

LAS VEGAS BOULEVARD

RUSSELL ROAD

COLLIERS INTERNATIONAL – 38.5 ACRES OF LAND – INVESTMENT OFFERING FOR SALE 38.50 ACRES ON THE WORLD-FAMOUS LAS VEGAS STRIP

INVESTMENT HIGHLIGHTS RARE OPPORTUNITY TO OWN A PRIME DEVELOPMENT SITE ON THE LAS VEGAS STRIP. THE SUBJECT PROPERTY IS AN INCREDIBLE OPPORTUNITY TO OWN THE BEST AVAILABLE DEVELOPMENT SITE ON LAS VEGAS BOULEVARD (THE “STRIP”), WHICH IS ONE OF THE MOST ICONIC STREETS IN THE WORLD.

Much of the Strip has been developed with world famous hotel-, retail offerings and tourist attractions capitalizing on the more than 42 million annual visitors to the city. There is a limited amount of land available for development on the Strip and just like beach front property, they are not making any more of it. The Property features approximately 750 feet of frontage on Las Vegas Boulevard.

Las Vegas is currently experiencing a renaissance and has surpassed pre-recession metrics as it relates to visitor volumes and overall revenues generated. This renaissance has spurred an extraordinary amount of investment activity ($14+ billion) that is projected to help continue the upward trend in the number of visitors coming to the city and the amount of money those visitors are spending.

COLLIERS INTERNATIONAL – 38.5 ACRES OF LAND – INVESTMENT OFFERING THE SITE BENEFITS FROM EXISTING STREETS BOUNDING ALL SIDES OF THE PROPERTY PROVIDING EXCELLENT ACCESS.

THE LOT

750’ OF FRONTAGE LAS VEGAS BOULEVARD

3RD LARGEST 2ND LARGEST

4,408 ROOMS RUSSELL ROAD 4,752 ROOMS HACIENDA AVENUE

9 18 OF THE 30 LARGEST IN THE WORLD ARE ON THE STRIP

FOR SALE 38.50 ACRES ON THE WORLD-FAMOUS LAS VEGAS STRIP

10 COLLIERS INTERNATIONAL – 38.5 ACRES OF LAND – INVESTMENT OFFERING LAS VEGAS – A TOP GROWTH MARKET Las Vegas is poised for significant long-term growth. The region continues to benefit from billions of dollars of public and private investment, large-scale infrastructure projects, corporate relocations and expansions and record-breaking visitation levels. In addition to the recently completed expansion of the Mandalay Bay Convention Center and the planned expansion of the Las Vegas Convention Center, McCarran International Airport recently underwent a $2.4 billion expansion to increase the airport’s annual capacity by 11 million passengers.

The recently delivered T-Mobile Arena is home to the NHL and hosts over 150 events annually, including hockey games, basketball games, concerts, boxing, UFC matches, and major award shows. The planned 65,000 seat stadium scheduled to be completed in 2020 will be the home to the NFL’s Raiders, the UNLV Football team, and will also host a number of large scale events throughout the year. With strong public support for major commercial projects, aggressive business incentives to attract new industry and jobs, and one of the fastest growing populations in the U.S.; Las Vegas should see continued success as a world-class destination.

LAS VEGAS CONTINUES TO BENEFIT FROM BILLIONS OF DOLLARS OF PUBLIC AND PRIVATE INVESTMENT

LIST OF PROJECTS RECENTLY COMPLETED OR IN THE PIPELINE:

• Mandalay Bay Convention Center Expansion - $70 million (Opened 2016) • Wynn Paradise Park - $1.6 billion (Opening 2020) • T-Mobile Arena - $375 million (Opened April 2016) • Genting’s Resorts World Development - $4 billion (Opening 2020) • The Park MGM Resort - $100 million (Opened April 2018) • / MSG Arena Development - $400 million (Opening 2020) • The - $100 million (Opened December 2016) • LVCVA Global Business District expansion - $2.3 billion (Phase 1 opening 2020) • Aria Convention Center Expansion - $154 million (Opened Q1 2018) • NFL Football Stadium - $1.9 billion (Opening 2020) • Wynn Plaza Retail Expansion - $100 million (Opening Fall 2018) • The Drew (Former Fontainebleau) - $2.4 billion (Opening 2021)

COLLIERS INTERNATIONAL – 38.5 ACRES OF LAND – INVESTMENT OFFERING EXPANSION

TRAINS ARRIVE EVERY 4-8 MINUTES AT EACH OF OUR 7 STATIONS

38.50 ACRES Source: Las Vegas Monorail

Plans for the expansion of the Monorail place the line and potential stops adjacent to the site. The Las Vegas Monorail provides a quick and convenient connection along the Las Vegas Strip, linking riders to world-class restaurants, shows, shops, day/nightclubs, spas, hotels, and casinos. In minutes, Monorail riders can travel the famous Las Vegas Strip in a safe, comfortable and clean environment—without the hassles of traffic or wasted time.

13 LAS VEGAS VISITATION: THE CITY POSTED ITS 3RD CONSECUTIVE YEAR OF MORE THAN 42 MILLION VISITORS.

3RD LARGEST 4TH LARGEST 4,408 ROOMS 4,008 ROOMS 2ND LARGEST 4,752 ROOMS

HACIENDA AVENUE 750’ OF FRONTAGE

LAS VEGAS BOULEVARD

RUSSELL ROAD

14 OFFER PROCESS Colliers International (“Colliers”) has been retained for the disposition of certain land & real property assets & improvements (hereafter “Property or Properties”). The Properties will be sold “AS IS / WHERE IS”.

To qualify for review, ALL OFFERS must follow the provisions, requirements, terms, & conditions as outlined below. The offers should be addressed to the attention of: LARGEST 5,690 ROOMS Colliers International Michael Stuart RE: Las Vegas Boulevard 38.50 acres 3960 Howard Hughes Parkway, #150, Las Vegas, NV 89169 702-836-3739 [email protected]

Buyer may offer on the entire 38.45 acres acres or portions thereof. There is no bid date deadline.

PRICE - $10,500,000 per acre

TERMS • Earnest money deposit shall be equal to 2% of total purchase price • At the end of the feasibility period, deposit shall be increased to 5% of the purchase price & shall be non-refundable. • Buyer must provide source of equity & capacity to close escrow • Buyer and Seller to split closing costs as is customary in the marketplace for the subject product type • Principals Only • Buyer shall pay any Buyer’s Broker’s fee

PURCHASE AGREEMENT Seller will provide Buyer with a draft Purchase and Sale Agreement which can be found in the war room

COLLIERS INTERNATIONAL – 38.5 ACRES OF LAND – INVESTMENT OFFERING APPENDIX LAS VEGAS MARKET OVERVIEW APPENDIX LAS VEGAS MARKET OVERVIEW LAS VEGAS ECONOMIC TRENDS (Las Vegas Convention and Visitors Authority)

Statistic 2013 2014 2015 2016 2017

Visitor Volume 39,668,221 41,126,512 42,312,216 42,936,109 42,208,100 Las Vegas Gaming Revenue $9.6bn $9.5bn $9.6bn $9.7bn $10.8bn

Room Occupancy 84.3% 86.8% 87.7 % 89.1% 88.6% Area Overview

Average Daily Room Rates $110.72 $116.73 $120.67 $125.96 $129.05 Clark County, the most populous of ’s 17 counties, is home to more Convention Delegates 5,107,416 5,169,054 5,761,366 6,310,616 7, 2 59,10 0 than two million residents, about 73%

Total En/Deplaned of the state’s population. The estimated 41, 8 557,0 0 9 42,878,346 45,389,074 47,43 5,640 48,500,194 Passengers median household income is approximately

Room Inventory 150.103 150,126 149,612 149,339 147, 26 8 $55,303. The city of Las Vegas sits at the heart of Clark County and is internationally renowned as the world capital of entertainment. Las Vegas’ gaming, dining, VISITOR VOLUME VS. GAMING REVENUE shopping and business conventions are major attractions for national and international visitors. Las Vegas has approximately 147,268 hotel rooms.

Over 42.2 million people visited Las Vegas in 2017.

COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW 2 Las Vegas Employment Overview As of 2018, Las Vegas unemployment stands at 4.8%, which is about 30 basis points lower than it was in 2017 at 5.1%. Tourism is the largest job sector in Las Vegas, representing 29.5% of the market, but professional and business services and retail trade have a significant impact as well, representing 14.0% and 10.3% of the market, respectively.

LAS VEGAS TOP EMPLOYERS Firm Employees Gaming, government, tourism and education are the leading areas of Station Casinos Inc. 13,000-13,499 12,000-12,499 employment in Las Vegas. Although in recent years, several new industries Boyd Gaming Corp. 9,000-9,499 Las Vegas Sands Corp. 8,500-8,999 such as data centers, high tech manufacturing and healthcare services are LLC 8,000-8,499 helping to diversify the local economy. MGM Resorts International 8,000-8,499 LLC 8,000-8,499 Aria Resort & 7,000-7,499 300,000 new jobs Prestigious Companies Mandalay Bay Resort & Casino 7,000-7,499 Wal-Mart Stores Inc. 6,000-6,499 Expected In The Next 20 Years With Major 8 Fortune 1000 Companies Headquartered Gains In Technology, Healthcare & In Las Vegas Caesars Entertainment Corp. 5,500-5,999 Infrastructure Sectors The Valley Health System 5,000-5,499 University of Nevada-Las Vegas 5,000-5,499 Las Vegas Metropolitan Police Department 4,500-4,999 $2.5 Billion+ $4 Billion+ Mirage Casino-Hotel 4,500-4,999 In Manufacturing/Tech Facility In Public Infrastructure The Venetian Casino Resort 4,000-4,499 Investment Underway Investment Underway SUPERVALU Inc. 4,000-4,499 Cosmopolitan of Las Vegas 4,000-4,499 Casino Resort 3,500-3,999 University Medical Center of 3,000-3,499

COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW 3 Las Vegas Highlights

20,000 Seats NHL Expansion The Las Vegas Raiders T-Mobile Arena, a multi-use indoor arena T-Mobile Arena will host over 150 events The relocation of the Oakland Raiders on the Las Vegas Strip opened in April 2016 per year and is the current home of the is anticipated to create a $600+ million NHL Golden Knights economic impact add 450,000+ incremental visitors and host 45+ events annually

Mandalay Bay LVCC Expansion $1 billion public Convention Center Las Vegas Convention Center works project is currently undergoing a $2.5 billion, recently underwent a 350,000 square foot underway to modernize and expand 600,000 square foot expansion to absorb expansion and is now one of the largest in Las Vegas vehicular infrastructure North America excess demand

Steady Growth MSG Sphere A revolutionary new 18,000-seat venue for The University continues to grow with a concerts, sports and live entertainment that total student headcount of 30,471 (2017) will be completed in 2020.

COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW 4 Las Vegas #1 Trade Show Destination for 24 consecutive years -Trade Show News Network

#3 and #9 Largest Convention Centers in the U.S. are Located in Las Vegas Convention Centers While Las Vegas has historically been known as a gaming destination, the city’s diverse non-gaming allure continues to strengthen and has far surpassed gambling demand. 66,500 jobs and generates One such demand driver is the unparalleled convention and meeting space capacity more than $9.3 billion in available throughout the city. In 2017, Las Vegas held over 21,000 conventions and hosted over 6.6 million convention delegates. economic impact. The Las Vegas M.I.C.E . Las Vegas also hosted 5 of the top 10 and 9 of the top fifteen largest (meetings, incentives, conferences, and events) sector conventions/trade shows held in the U.S.

Las Vegas visitation numbers hit a new peak of 42.9M visitors in 2016, a 10% increase over its pre-recession peak.

There was a 17.8 increase in International visitation from 2013-2015. McCarran International Airport has benefited from the increased visitation, making it the No. 27 busiest airport in the world i n 2 017.

COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW 5 Developments in the

NFL - LAS VEGAS RAIDERS $1.9 Billion estimated cost Professional Sport Franchises Las Vegas’ First NFL Team – On March 27th, 2017, the NFL owners approved the Raiders’ relocation to Las Vegas. The $1.9 billion stadium is expected to take As a means to continue the diversification three years to build and will be located near the southern end of the Las Vegas of its economy, Nevada successfully Strip (near Mandalay Bay). This new stadium will also host world-class events received its first professional sports including college football games, big-name concerts, major UFC fights, March franchise in 2016 concurrent with the Madness, soccer matches and political events. The Raiders are expected to completion of its T-Mobile Arena. play in the 65,000-seat domed stadium by the 2020 season. The Southern Furthermore, in November 2016, Las Nevada Tourism Infrastructure Committee (SNTIC) estimates that Las Vegas Vegas approved a hotel tax ordinance to can expect $100 million worth of media exposure a year from the Raiders help fund the stadium for the NFL’s which is excellent publicity across the Las Vegas community. Oakland Raiders relocation.

COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW 6 Developments in the Las Vegas Valley This popular destination is the 28th largest Metropolitan Statistical Area in the United States with over two million residents. With its strong economic recovery, Las Vegas has about $15 billion in construction projects that are planned, proposed or under construction. The following pages include a summary of these projects.

WYNN PARADISE PARK RESORTS WORLD $1.5 Billion estimated cost $4 Billion estimated cost LAS VEGAS PARK MGM & announced “Wynn Broke ground May of 2015. Upon their Paradise Park” as their latest project CONVENTION CENTER 2020 completion date, this $4 billion NOMAD LAS VEGAS which has been estimated to cost $1.5 EXPANSION Asian-themed resort will include 3,000 billion. This project will be built on the hotel rooms and will consist of 175,000 $450 Million estimated cost

130-acre golf course located east of $2.3 Billion estimated cost square feet of gaming. It’s estimated Wynn Las Vegas and Encore Resort that there will be 3,500 slot machines MGM Resorts International and Sydell and Casino. The idea is to transform and table games. Genting BHD, Group announced a partnership to The Las Vegas Convention and Visitors The Wynn Golf Club into an expansive Southeast Asia’s largest casino rebrand Monte Carlo Resort & Casino Authority (“LVCVA”) has a planned new development which would include operator, is developing this property in with two distinct hotel experiences expansion and renovation project a 20-acre lagoon which would host multiple phases. The first phase is — Park MGM and NoMad Las Vegas. intended to make the Las Vegas watersports in the day and fireworks expected to be completed in 2019. Costing approximately $450 million to Convention Center the best meeting at night, a 1,000-room hotel tower, Once fully finished, there will be three construct, the renovation and rebrand and convention facility in the World. approximately 260,000 square-feet of towers totaling the room count to will touch every aspect of the The $2.3 billion project, named the Las meeting space, new restaurants, new 3,400. will property. Experiences include: Vegas Global Business District, is the retail, and a white sandy beach with a help the Las Vegas employment market “a Las Vegas version of Sydell’s widely largest economic development boardwalk. Construction will begin the by employing 13,000 direct and indirect acclaimed NoMad Hotel, and the initiative the LVCVA has undertaken end of 2017 or early 2018. It’s been jobs. It will also contribute greatly to launch of a new luxury hotel named since the Las Vegas Convention estimated to open in 2020. the Las Vegas economy which is Park MGM.” Construction is expected Center was originally built in the late projected to generate $155 million in to commence in late 2016 and 1950s. The expansion project is annual tax revenue. conclude in late 2018. expected to lead to an additional 480,000 new attendees as current conventions grow and through attracting an estimated 20 new trade shows and conventions. COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW 7 Developments in the Las Vegas valley

Developers closer to beginning work on MSG Sphere Las Vegas

18,000-SEAT MSG SPHERE LAS VEGAS 360 feet tall and just off the McCarran International Airport flight pattern

The facility, to be built on a 63-acre lot east of the Center, The Venetian and the Palazzo, will be connected to the convention center by a pedestrian bridge. The 400,000-square-foot facility will be built on an open-air storage lot at Sands Avenue between Koval Lane and Manhattan Street. COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW 8 Developments in the Las Vegas Valley This popular destination is the 28th largest Metropolitan Statistical Area in the United States with over two million residents. With its strong economic recovery, Las Vegas has about $15 billion in construction projects that are planned, proposed or under construction. The following pages include a summary of these projects.

UNION VILLAGE LAS VEGAS MEDICAL DISTRICT $1.6 Billion estimated cost & UNLV MEDICAL LAS VEGAS PROJECT NEON Union Village is the first Integrated SCHOOL Health Village in the world and is listed ALL NET ARENA $900 Million estimated cost as the “largest healthcare building $3.6 Billion estimated cost project in the United States,” $1.4 Billion estimated cost Project Neon is the largest public according to Health Facilities Manage- works project in Nevada history. The Las Vegas Medical District was ment. This +/-$1.6 billion project is The All Net Arena’s site is located on Costing $900 million to complete, this initially concieved in 2002 in order to located at U.S. 95 and Galleria Drive in the north end of the Las Vegas Strip project will widen 3.7 miles of created a cohesive area for medical Henderson, Nevada. Sitting on where the former Wet ‘n’ Wild site between education and healthcare that was 228-acres, this mixed-use healthcare was once located (just south of the and the “Spaghetti Bowl” interchange central to the Las Vegas Valley. It is complex is projected to create more SLS Resort). Construction is in . This is known currently undergoing a $3.6 billion than 17,000 direct, indirect and underway on this $1.4 billion project for being the busiest stretch of expansion which is inclusive of a UNLV construction jobs. Once fully complete and will consist of +/-860,000 square highway in Nevada with 300,000 Medical School. This district is in 2022, it is expected to attract feet once completed in 2019. vehicles per day (one-tenth of the expected to bring in $181 million in 15,000 to 30,000 people a day. Additionally, the All Net Arena will state population). Currently, this Government revenue, as well as 24,182 Henderson Hospital opened fall of include a 22,000 seat retractable corridor has approximately 25,000 jobs by 2030. 2016 and is located inside the Union roof, a Victory Plaza shopping/dining lane changes in an hour and it’s been Village development. Costing $168 district, and a 44-story hotel with 500 predicted that traffic will double along million to construct, this local specialty suites. this stretch by 2035. Project Neon has acute-care hospital is part of the an estimated completion date of 2019. Valley Health System.

COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW 9 FOR SALE 38.50 ACRES ON THE WORLD-FAMOUS LAS VEGAS STRIP

Michael Stuart Mike Mixer, Executive Vice President Executive Managing Director +1 702 836 3739 +1 702 836 3777 [email protected] [email protected]