Carolyn G. Goodman Mayor at City of Las Vegas | Wikipedia
Carolyn G. Goodman Mayor at City of Las Vegas | Wikipedia
At a recent City Council meeting, land use entitlements were approved for a housing project on the site of the former Badlands Golf Course. This decision marks a significant step in resolving ongoing lawsuits related to the property. The City Manager's Office, with support from the Las Vegas City Council, has been working to strengthen the city's General Fund Reserves to manage potential court rulings and facilitate settlement negotiations.
The city has reached a settlement agreement with the developer of Badlands. The city will pay $286 million to settle existing cases instead of continuing litigation that could result in costs between $405 million and $450 million if lost.
The proposed settlement includes two payments: $250 million between March 20th and May 20th, 2025, and $36 million by July 1, 2026.
To fund the $286 million payment, the city plans to utilize:
1) General Fund Reserves/Operational Cost Savings: $112.8 million
2) Liability Fund and Internal Service Fund Reserves: $87.5 million
3) Delayed Capital Improvement Projects (CIP) and/or Bond Issue: $49.7 million
4) Sale of Cashman Field Property: $36 million
As part of cost-saving measures, 21 employees have participated in a "voluntary separation program" (VSP), resulting in their retirement. Consequently, these positions will remain unfilled through FY27.
Regarding delayed CIP projects or bond issuance, options are being explored to develop this component of the payment plan. Final decisions are expected during upcoming City Council FY26 budget workshops scheduled for March 2025.
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