With the advent of newer communities, Queensridge has “lost its edge”, it is no longer known as “the place to be”; The Ridges in Summerlin and its various neighborhoods have positioned themselves to have that cache and therefore Queensridge’s property values have not kept pace. Implementing the 2016 Major Modification, with its approximate $1.0 billion investment together with its new and varied residential offerings, will bring a substantial renewed energy, awareness, excitement and value to Queensridge and One Queensridge Place. Security of the Property Security is a major concern for all property owners everywhere. Queensridge is no exception. Queensridge North and South have been severely impacted with home and auto break-ins and thefts over the last several years. It is possible that some of the public courses patrons are thieves scouting adjacent properties for their day and/or night time exploits. The closure of the course should thus help enhance security. Conclusion The implementation of the 2016 Major Modification, with its large Estate Lots, large custom homes, preserve areas, thousands of additional trees, enhanced landscape areas, Luxury Multi Family development with a variety of offerings and assisted living component, will produce an environment like no other in the Las Vegas Valley. Importantly, the economic benefits, such as jobs, property tax increases, sales tax revenues, and the commerce generated from the land development and home building are all very meaningful to the overall community. The Economic and Fiscal Benefits Study, prepared by respected local financial analyst/economist John Restrepo (RCG Economics), is included in the 2016 Major Modification exhibits and discusses these economic benefits in detail. Thank you in advance for the City’s consideration of these GPA and Rezoning requests. We look forward to working with the City and our neighbors in bringing the repurposed uses of the Property, as reflected in the 2016 Major Modification and commensurate with these GPA and Rezoning designations, to fruition. 180 Land Co LLC, Seventy Acres LLC and Fore Stars Ltd. Nevada limited liability companies By: EHB Companies LLC a Nevada limited liability company Its: Manager By: __________________________ Name: Yohan Lowie Its: Manager Date: __________________________
With the advent of newer communities, Queensridge has “lost its edge”, it is no longer known as “the place to be”; The Ridges in Summerlin and its various neighborhoods have positioned themselves to have that cache and therefore Queensridge’s property values have not kept pace. Implementing the 2016 Major Modification, with its approximate $1.0 billion investment together with its new and varied residential offerings, will bring a substantial renewed energy, awareness, excitement and value to Queensridge and One Queensridge Place. Security of the Property Security is a major concern for all property owners everywhere. Queensridge is no exception. Queensridge North and South have been severely impacted with home and auto break-ins and thefts over the last several years. It is possible that some of the public courses patrons are thieves scouting adjacent properties for their day and/or night time exploits. The closure of the course should thus help enhance security. Conclusion The implementation of the 2016 Major Modification, with its large Estate Lots, large custom homes, preserve areas, thousands of additional trees, enhanced landscape areas, Luxury Multi Family development with a variety of offerings and assisted living component, will produce an environment like no other in the Las Vegas Valley. Importantly, the economic benefits, such as jobs, property tax increases, sales tax revenues, and the commerce generated from the land development and home building are all very meaningful to the overall community. The Economic and Fiscal Benefits Study, prepared by respected local financial analyst/economist John Restrepo (RCG Economics), is included in the 2016 Major Modification exhibits and discusses these economic benefits in detail. Thank you in advance for the City’s consideration of these GPA and Rezoning requests. We look forward to working with the City and our neighbors in bringing the repurposed uses of the Property, as reflected in the 2016 Major Modification and commensurate with these GPA and Rezoning designations, to fruition. 180 Land Co LLC, Seventy Acres LLC and Fore Stars Ltd. Nevada limited liability companies By: EHB Companies LLC a Nevada limited liability company Its: Manager By: __________________________ Name: Yohan Lowie Its: Manager Date: __________________________
29-Justification-Letter-GPA-Zone-Change.docx