N-82856 - Arby Pilot Project #2
Arbor Pointe is the second project completed under the Southern Nevada Public Land Management Act provision allowing the sale of discounted public land for affordable housing. In November 2007, BLM conveyed to Clark County approximately 10 acres near I-215 and west Durango. The county received the parcel at a 95 percent discount. The fair market value was originally $9.5 million, but Clark County paid $475,000. Arbor Pointe is a multi-family apartment complex consisting of 180 housing units.
Federal Register (page number 43659 - 43661)
Notice of Realty Action: Non-Competitive (Direct) Sale in the Las Vegas Valley, NV