Months ago, plans were unveiled for a brand new futuristic “mini-city” within Las Vegas called Bleutech Park. Developers claimed the project would cost upwards of $7.5 billion, making it one of the largest in recent history. This week, these developers agreed to purchase land for this new futuristic park.
It’s exciting news for supporters of this new project. Today, we’re going to look at what we know about Bleutech Park. We’ll also look at what the land agreement means for the future of this ambitious plan.
Developers Reveal Plans for New “Mini-City” Within Las Vegas
Las Vegas is no stranger to huge development projects. Right now, several massive projects are underway here, some of which are costing billions of dollars to construct. This past summer, a development company revealed its plans to construct a futuristic “mini-city” in Las Vegas.
The developers claim that the project will cost $7.5 billion to complete. This money, they argue, will go towards the construction of one of the country’s most modern new “smart cities.”
This development, called Bleutech Park, will run entirely on renewable energy sources. It will be 100% grid-independent and will feature buildings made up of energy-generating and breathable materials. A network of “supertrees” will also be used inside the park to help reduce imported water consumption by 95%.
Obviously, this project was appealing to Las Vegas city officials. A futuristic city such as this one could have a massive impact on future construction projects here.
The developers of Bleutech Park hope to start construction by December of this year. This week, the company agreed to purchase land for this incredible new mini-city.
Bleutech Park Properties Agrees to Land Deal for New Project
Since announcing the plans for this new development, Bleutech Park Properties have looked for a suitable area for construction. It now appears that they’ve found it. According to the Las Vegas Review-Journal, the company has agreed to purchase land for its new mini-city.
BPP has reached an agreement with landowners Khusrow “K” Roohani and Larry Canarelli to buy 210 acres of land at Las Vegas Boulevard and Cactus Avenue. According to reports, the deal is to buy each acre for $1.5 million. This puts the entire sale price at about $315 million.
Roohani confirmed that he’s reached a “solid agreement” with Bleutech Park Properties. It’s a low-risk deal for the landowner.
Of course, this deal has not been finalized. Several steps will need to be taken before construction can officially begin. Based on what we know so far, this could be within the next few months.
It’s exciting news to see a land purchase agreement made. As we’ve already mentioned, this isn’t the only major project coming to Las Vegas in the near future.
More Projects Being Constructed in Las Vegas
Bleutech Park is the most ambitious project proposed in Las Vegas for years. There are, however, some incredible new venues opening up here. Some of them are costing several billion dollars to construct.
Resorts World remains the largest new project under construction in this city. It’s owned by the Genting Group and is expected to open in 2020. It’s set to become one of the largest new casino-resorts in the city.
The MSG Sphere is another massive project being constructed in Las Vegas. It’s currently being made directly next to the Las Vegas Strip. It’s said to be the biggest and most high-tech entertainment venue in the city.
If Bleutech Park is constructed, it will set a new standard for LV development projects. Make sure to stay tuned for more updates on this situation over the next few months!