As early as 1986, Mayor Oscar Goodman created a redevelopment agency to focus on downtown, but it initially
chased after office buildings and other projects that would not have benefited an
urban, walkable
core, Steve van Gorp, an
urban planner who was a senior planner with the city of Las Vegas, told me.
At this point, the most aggressive capital is
chasing deals in
core urban locations and that capital continues to drive day one yields down to levels not seen since the peak in 2006/2007.