2024 Fall Issue of Urban Land - 54

2024, will offer about 400 rooms and more
than 18,000 square feet (1,672 sq m) of meeting
space.
Sustainability trends and challenges
The Las Vegas Valley is experiencing rapid
growth. Since 2020, the greater metro area
has added 71,098 residents, bringing the total
population to 2.33 million.
As it grows, managing water resources
will be crucial. The city relies heavily on Lake
Mead and, thus, the Colorado River for water
supply. Both are under stress due to prolonged
droughts and climate change.
" Locals will say it's not a challenge, " Trepp's
Hendry says, " and they're not worried about
it. " But with the city's 24/7 nature and ongoing
expansion, he warns that " water could
pose a longer-term problem " that is not being
fully considered when underwriting real estate
developments today.
To address water scarcity, Las Vegas has
already implemented several innovative water
management and conservation policies. " No
one will beat Nevada in water conservation
and figuring out how to make it work, " Schulman
says.
A new MLB ballpark-
shown here in a
rendering-replaced the
Tropicana, which closed
in April 2024, after 67
years, to make way for
the 33,000-seat Bjarke
Ingels Group-designed
stadium, which will be
home to the relocating
Oakland A's when it
opens in 2028.
The Southern Nevada Water Authority
(SNWA) reports that about 99 percent of
indoor water is recycled. Many hotels and
resorts utilize so-called gray water for landscaping
and cooling systems, significantly
reducing the demand for fresh water. " New
properties are increasingly focused on sustainability, "
Belarmino says, " with many casinos
making conscious efforts to reuse laundry
water and implement other ecofriendly
practices. "
Additional efforts to promote water conservation
include the SNWA's " cash-for-grass
program, " strict watering schedules, and a
tiered water-pricing system. " We have specific
days to water that change seasonally, " Belarmino
says. " There are incentives to replace
ornamental grass with more desert-friendly
landscaping. "
These measures, plus such infrastructure
upgrades as Intake 3 and the low-lake-level
pumping station in Lake Mead, are designed
to ensure a steady water supply for Las
Vegas, even if lake levels fall to historic lows.
HANNAH MIET is a freelance writer and commercial real estate
marketer based in Los Angeles.
54
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2024 Fall Issue of Urban Land

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