Nevada Solar Project Receives Conditional Commitment for Loan
The U.S. Department of Energy (DOE) has offered SolarReserve, a developer of large-scale solar power projects, a conditional commitment for a $737 million loan. The loan would fund the 110 megawatt Crescent Dunes Solar Energy Project in Tonopah. Construction is slated to begin this summer. Upon completion, the project will provide electricity to approximately 75,000 homes during peak times. The power will be provided to NV Energy under a long-term power purchase agreement.
Reno and Sparks Justice Courts Jointly Contract for Case Management System
Reno and Sparks have jointly entered into a $1.4 million, multi-year contract license of Tyler Technologies’ Odyssey Court Case Management System to help streamline business practices, decrease redundant data entry and eliminate paper-driven processes. The neighboring townships will share the costs for the system which will allow them to share criminal justice information.
The American Lung Association in Nevada Shows Opposition to AB 571
The American Lung Association in Nevada has condemned recently introduced Assembly Bill (AB) 571. The bill would roll back portions of the Nevada Clean Indoor Air Act (NCIAA) and allow smoking in certain bars regardless of whether or not food is served.
Bank of America Announces Second Year Results from Community Development Lending Initiative
Bank of America has lent and invested over $4.1 billion in Nevada in 2010 as part of a 10-year goal for lending and investing in underserved, minority and low- and moderate-income communities. It is a $1.5 trillion community development lending and investing goal. Of the amount invested in the Silver State, $3.4 billion was invested in Las Vegas. The $4.1 billion invested in 2010 was an increase of $1.2 billion from the previous year.
Hannay Investment Properties Expands into Las Vegas
Hannay Investment Properties, based out of Phoenix, has opened an office in Las Vegas due to a continued increase in receivership and property management business. The company recognized the opportunities the Las Vegas market presents and expects to continue expanding into other Southwestern states.
