Faraday's Future, Plus More, Is Bright In NLV, Mayor Says
Three months have gone by since state lawmakers adopted incentives to lure Faraday Future to North Las Vegas.
Faraday Future is a company that intends to manufacture an all-electric car in a $1 billion plant.
The tax incentives amount to about $220 million dollars.
But since December, questions about Faraday’s Future have come up. Trading shares of the Chinese company backing faraday, Leshi, were suspended in December.
North Las Vegas Mayor John Lee and his staff brokered the deal with Faraday and Chinese investors. He says Faraday is full steam ahead – and much more economic development is on the way.
"I can tell you this project, in my opinion, is already going forth" Lee told KNPR's State of Nevada, "And I'm excited about it."
Lee said he has meet with the head of the company and "there is no doubt in my mind that his company has the ability to produce this vehicle."
He also said the Faraday Future project is spurring other growth in the area, including a 1-million square foot industrial space.
"We've got four or five areas of town right now that we are looking at increasing the opportunities for warehousing out there," Lee said, "We're going to take the 215 over the I-15 and onto that 1,100 acres over there. That will all be for industrial use."
He also said there are already things breaking ground at the Apex Industrial Area, which is where Faraday Future is set to built its car manufacturing space.
"There is a lot of interest in Southern Nevada right now, being the Southwest regional center that we are." he said, "And a lot of excitement is going on right now to make us their regional hub for a lot of their distribution."
Lee said a new master-planned community is being planned for an area near Aliante hotel-casino. He said part of the Villages at Tule Springs will be age-restricted.
"With the VA hospital down the street, it is a huge attractor for people who want to retire to the Southwest," Lee said, "And obviously Las Vegas is a great place to come. North Las Vegas is especially great to come to."
Lee also said there is talk of bringing a convention center to the area.
John Lee, mayor, North Las Vegas