(Las Vegas, Nev. – July 8, 2025) —The Mayor’s Fund for Las Vegas LIFE (Mayor’s Fund), a vehicle for the private sector to support key city initiatives that improve quality of life for City of Las Vegas residents with particular focus on vulnerable populations, announces the appointment of Art Zargaryan to its board of directors.
Zargaryan is CEO and Owner of Pegasus Development, a boutique project management firm he founded in 2017 in Las Vegas. Under Zargaryan’s leadership, Pegasus has led the development of a distinguished portfolio of real estate and entertainment projects across the United States, including many in Las Vegas. The firm has become a trusted partner for immersive experiences and commercial developments that harmonize creative vision with disciplined execution. Pegasus Development has overseen over 5.5 million square feet of development, with a total construction value exceeding $4.2 billion.
Born in Armenia and raised in California, Zargaryan earned his Bachelor of Arts degree from the School of Architecture at Woodbury University in Southern California, where he developed a foundation in both creative and business disciplines. Zargaryan is an active member of the Las Vegas Executives Association (LVEA), a professional network of business leaders across the city, and mentors rising professionals in the field.
“We are thrilled to welcome Art Zargaryan to our board of directors,” said Sallie Doebler, CEO of the Mayor’s Fund for Las Vegas LIFE. “Art is clearly a leader in his field and given the many high-profile projects he represents, we are confident he will help the Mayor’s Fund to develop new and beneficial relationships with companies and businesses who share our vision to make Las Vegas a wonderful and healthy place to live and work, especially for our most vulnerable populations.”
To learn more about the Mayor’s Fund or make a donation, visit MayorsFundLV.org.
About The Mayor’s Fund for Las Vegas LIFE:
The Mayor’s Fund for Las Vegas LIFE was established in 2017 as a vehicle for corporate and philanthropic partners to support innovative programs that improve quality of life for City of Las Vegas residents with a special focus on vulnerable populations. The Fund creates opportunities for public-private partnerships through donations of cash, time and in-kind goods and services. Guided by a diverse group of community leaders and operating as an independent 501(C) (3), the Fund targets specific community: Livability, Innovation, Future and Education. The Nevada Community Foundation serves as The Mayor’s Fund fiscal agent, receiving all private donations. Donations to the Mayor’s Fund are tax-deductible to the extent allowed by law. For information, visit MayorsFundLV.org.
Media Contact:
Melissa Warren, The Warren Group
702-528-6016; melissa@twgpr.com
