The Clark County Board of County Commissioners approved a resolution that will result in the issuance of special facility revenue bonds by the National Finance Authority for MTP-Las Vegas Hangars, LLC’s proposed hangar project during its Nov. 3 meeting.
MTP-Las Vegas Hangars, LLC is an affiliate of SRAI OG, LLC. The Clark County Department of Aviation is the property owner. MTP-Las Vegas Hangars is the applicant and developer. J.R. Miller & Associates | JRMA is the architect, while RPA Landscape Architecture is the landscape architect. LAS Consulting is the correspondent. (NVBEX; May 8)
The project seeks to replace an existing office/warehouse complex and several airport hangars with three modern hangars across 5.2 acres. The existing buildings were constructed in 1987. The new buildings will be located at 135, 145 and 155 E. Reno Ave., respectively.
The new buildings will have a maximum height of 43 feet. Each hangar will be 25.5KSF, bringing the grand total to 76.5KSF of development.
Each building will be denoted by vertical metal siding and pitched metal roofs. The color palette is comprised of tan, beige and dark brown.
The special facility revenue bonds will not exceed $50M; however, the specific amount was not discussed. MTP-Las Vegas Hangars, LLC is the borrower and will take full responsibility for the funding.
During the meeting, Commissioner James Gibson said, “This financing is completely without recourse to Clark County. Because of that, I move approval.”
A ceremonial groundbreaking was recently held at the Harry Reid International Airport. (NVBEX; Nov. 6)
The developers received approval of a Design Review for the project during the Clark County Zoning Commission’s May 20 meeting. NVBEX reached out to the development team for comment but did not receive a response by the publication deadline.
