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Milestones

Key Accomplishments

 

Economic Impact Study

The economic impact study provides the documentation relating to the number of jobs that will be created due to the project being built. It shows the financial impact on the surrounding areas both during and after construction of the project. (Roughly 36 to 42 months)

Traffic Study

The traffic study provides information regarding the impact that the project will have on the surrounding neighborhood. It outlines the number of pedestrian foot traffic that currently access the area as well as the increase due to the project. It makes recommendations regarding traffic signal, pre and post arena events and the ways to address  the added traffic. In addition, it addresses the future growth and the needs for any additional  infrastructure and how the vehicles will travel in and out of the parking structures as well as  Uber/Lyft locations as well as limousines and other alternative modes of transportation.  Traffic study will be resubmitted to the County for final approval on or before the end of February 2022 based upon the County comments from initial submission.

FAA and Crane Approvals

The approval of the Federal Aviation Association is required. They make sure that the heights of the buildings and the cranes do not cause an impediment to the airports and flight paths as well as the radars for the Nellis Air Force Base.

Initial Excavation  

The excavation of roughly 500,000 cubic feet of dirt and material has already been removed during 4 months of prior excavation (15’ with 100’ off set). The excavation ceased due to the groundwater is at 15 feet and at the time the dewatering plan had not been completed and submitted to  the County. This will be completed by the end of April for both the civil and drainage study.

Geotech Report

The geotech report has been completed and will need to be updated. It provides the structural engineer with the necessary information regarding the soil conditions underground so that the design for the foundations and retaining walls as well as structural columns will be able to carry the necessary structural load.

Entitlements

The entitlements allow for the Developer to construct the project and also outlines any conditions that the County requires for the development. In addition, any agreements outside of the normal entitlements that the Developer may request  like parking variances, work hours and other project related items.

Development Agreement

The development agreement is an agreement between the Developer and the County regarding the additional infrastructure needed to be provided in the surrounding areas due to the additional impact of traffic both pedestrian and vehicular. It requires either contributions or construction of pedestrian bridges, traffic signals, emergency response vehicles, monies to hire additional police or fire staff, and any other items that are negotiated between the County and the Developer. This is required to be approved and executed before construction can begin.

Construction and Trailer Temporary Power

We have completed negotiations with NV Energy for the installation of the temporary power during construction. We have designed the system and are in the process of ordering the transformer for installation as well as the 3 additional skids that will be tied into the power since the site is 27 acres.

Performance Agreement

The performance agreement is required by the County and the Developer that  describes the project and if project is abandoned by the Developer, it details what will  take place on site to put it back into a safe and aesthetically pleasing condition and a how the site will maintain a security presence as well as a fire life safety system. A bond is purchased and recorded that is made out to Clark County Nevada in the amount of 12.1 million dollars. This has been done and was paid for by the Developer as part of the requirement. When the project is completed then the bond is released.

Lease with Purchase Option

The landowner and developer have executed the lease with option to purchase agreement that allows for the Developer to maintain site control and do construction on the site and the ability to purchase the property at an agreed upon price already determined.

Feasibility Study

The feasibility study outlines the construction cost as well as the revenue after the project is built and determines the viability of the project. It shows you what the debt service should be, and the revenue required to meet that debt service. These numbers are  derived by industry experts and looking at the performance of similar projects in the Las  Vegas area.

SWPP and Discharge Permits

The SWPP and discharge permits are provided by the State of Nevada and allow for the property to discharge the ground water that it extracts during the dewatering process in construction. The  water is discharged into the storm water drain that goes to Lake Mead and they need to make  sure that there are no contaminates in the water.

Project Labor Agreement

The project labor agreement was executed between all the Building Trades and the Culinary Union. It shows their support of the project and allows for no work stoppages, picketing, slowdowns, or walkouts. It allows for the Developer keep the project under construction if there are any disputes, while they are being rectified. The Unions are also aware that there will be some non-union companies working due to the requirements of the local minority participation on the project as well as small businesses.

Local and Federal Government Support

The project is supported by the local County Commission with 7 to 0 votes on all entitlements. In addition, the current Governor of Nevada, Mr. Steve Sisolak, as well as the Federal Government with the United States Department of Commerce and Minority Business Development Agency.

Executed AIA 133 Contract

ALL NET has executed an AIA 133 contract with two General Contractors for the project. It is anticipated that the initial construction meetings will commence in full starting in April of 2022.

Fire Department

ALL NET has had multiple meetings with the local Fire Department for their review of the project. They are maintaining a close communication regarding the overall layout and design to assure the most expeditious manner to respond in case of an emergency. The two parties are working with Cuningham Group, architect of record, to address any and all concerns.