The Las Vegas City Council today accepted a $1 million grant from the U.S. Department of Commerce Economic Development Administration as part of the Strong Cities, Strong Communities Challenge National Initiative. Over the next 18 months, the city of Las Vegas will host a contest open to the public to develop a comprehensive economic vision in one of four categories:
• Cashman Field
• The Medical District
• Business Parks
• Existing Redevelopment Agency Projects
The grant requires that the city provide $250,000 to fund infrastructure and planning efforts to implement the winning idea. The city will appoint a selection committee to judge the entries from multi-disciplinary teams. The top three ideas will be determined and then a grand prize winner will be picked from those three. Third place receives $10,000, second place receives $30,000 and first place $60,000. The grand prize winner will then be chosen and will receive the $800,000 prize.
Las Vegas is one of three cities selected for the program, along with Greensboro, N.C., and Hartford Conn.
The Strong Cities, Strong Communities initiative, first announced in July 2011, seeks to strengthen neighborhoods, towns, cities and regions around the country by enhancing the capacity of local governments to develop and execute their economic vision and strategies, providing necessary technical assistance and access to federal agency expertise, and creating new public and private sector partnerships.