Looks like this has been going on for awhile...
http://www.lvbusinesspress.com/articles/20...news/news08.txtMonday, September 11, 2006 Nellis recreation park could cost $32 million<H3></H3>BY TONY ILLIA
The Nellis Dunes, an 8,522-acre raw, undeveloped property northeast of Las Vegas, could soon become a regional off-road-vehicle haven. Applied Analysis, a Las Vegas advisory firm, recently presented a feasibility study for developing the vacant federal land one-mile north of Nellis Air Force Base. Construction of such a facility could run $32.5 million, not including the land purchase, the study concluded.
"It would allow us to leverage our Southern Nevada Lands Act funds to provide another arrow in our tourism arsenal," said Jeremy Aguero, principal of Applied Analysis. "It would be a public asset that could help support and stimulate the economy."
The Bureau of Land Management currently oversees the property, which was described as rife, in a 1995 federal report, with "garbage dumping; auto-stripping; indiscriminate camping; partying; and firearms shooting."
County plans, meanwhile, call for a three-acre skate park, 40 acres of four-wheel- driving courses, and 22.5 acres for motor-cross. The area could also contain a 100-acre paved parking lot, 150 acres for RV camping, and 15 acres of viewing areas, among things. It would have a 20,000-square-foot, multi-purpose administration and storage building. And there would be staging areas along Interstate-15, with buffer zones near Nellis Air Force Base and Apex mining.
Yet the project would first need $8.7 million in infrastructure improvements as well as a $3.2 million yearly budget for park upkeep and maintenance. The area could charge admission and race fees from $3 up to $80 a day, plus sponsorship, concession, rental and storage fees.
Such surcharges would enable pay-as-you-go financing, although the park will likely qualify for federal funding assistance. The study identifies 34 organizations and groups interested in an off-road park, including the Southern Nevada Land Cruisers, Roughnecks ATV Club and Desert Raiders, among others.
The complex would serve the valley's estimated 348,280 off-highway vehicle riders. The number of enthusiasts has grown by 27,298 people over the last two years. And the number of riders is expected to grow by another 21.8 percent by 2015.
A regional park, as such, could see 208,767 riders per year, according to the study. With the valley's rapid growth, however, there are fewer off-road venues left despite its surging popularity.
"There are relatively few land uses for the area due to Nellis Air Force Base, and motocross is one of the fastest growing sports in the country," Aguero said. "It could be big for Las Vegas, making it a win-win."
PROJECTSStonemark Realty is currently building the new $1.6 million, 7,200-square-foot Ann Executive Center, at the northwest corner of Ann Road and Allen Lane in North Las Vegas. RG & Associates is the general contractor. The single-story, 20-suite office building is scheduled to open in December. The center is located inside of Kennedy Commercial's $30 million, 120,000-square-foot Ann Professional Plaza, at 3820 W. Ann Road.
Investment Equity Development is building an $11 million, 34,000-square-foot office complex at the northwest corner of Lake Sahara South and Lake North Drive. The Lakeview Professional Park will consist of three buildings with units divisible from 2,500 to 14,000 square feet, for lease or sale.
JVC Architects is designing a new $1.4 million, 5,000-square-foot Salvation Army chapel at 37 Owens Street. The project is scheduled to finish in late 2007.
SR Construction recently completed a $600,000, 3,675-square-foot medical office tenant improvement for Ventana Health Association, at 1885 Village Center Circle.
MILLION-DOLLAR DEALSPCH USA 26 LLC bought 10 acres of land at the northwest corner of Fort Apache Road and Hacienda Avenue for $14.9 million, or $1.49 million per acre, from Warm Springs Holdings 1 LLC. CB Richard Ellis' Keith Spencer, Derek Rafie and Nick Till represented the buyer, and Spencer also represented the seller.
Atrium, Ltd. and Weststate Lane-2 LLC bought a 24,640-square-foot industrial building at 5480 Procyon Street for $3.5 million, or $142 per square foot, from Unisource Worldwide Inc. CB Richard Ellis' Donna Alderson represented the buyer.
CFT-TCC Nellis, LLC bought 3.32 acres of land at the northwest corner of Nellis Boulevard and Walnut Avenue $3.045 million, or $917,168 per acre, from the Wood Family Trust and Garry Hayes. CB Richard Ellis' Keith Spencer represented the seller.
Shirai Land Development bought a 10,730-square-foot medical office building at 4488 S. Pecos Road for $2.95 million, or $274 per square foot, from Allan Arthur. CB Richard Ellis' Jan Hoback and Bruce Follmer represented the seller.
Super 99 Cents Center signed a 10-year, $1.265 million lease for 10,000 square feet or retail space at Owens Avenue and H Street. Grubb & Ellis' Stuart Davidson represented the lessor. Edmond Town Center LLC, and Coldwell Banker Commercial ETN's Sandra and Eddie Naseef represented the tenant. The reported average rent equals $1.05 per square foot.
USAA Savings Bank signed a five-year, $1,038,900 lease for 5,930 square feet of office space at 3773 Howard Hughes Parkway. CB Richard Ellis' Brad Peterson represented the tenant. The reported average rent equals $2.91 per square foot.