Commissioners voted 4-3 to support the proposed ban, which would grandfather in short-term rentals already permitted by the city. The decision followed more than an hour of public comment, with a majority of speakers opposing the ban.
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About 500,000 people stayed at Airbnb rentals in the Las Vegas area last year, the company reports. That’s almost double the amount of visitors in 2016.
Experts say this desert valley of shimmering lights and more than 2.1 million residents — its workforce dominated by casino, hotel and restaurant employees — has a growing affordable-housing crisis.
Nevada’s most populous county grew by 47,355 residents in 2017. Only Maricopa County, Arizona, home to most of the Phoenix metro area, added more new residents with 73,650.
For the second year in a row Las Vegas has been named the worst U.S. metropolitan area at providing affordable rental housing for its poorest families, while Nevada ranked last among states for the fourth year running.
Construction on the site of the complex ended in September with the project 73 percent complete because of disputes that arose between Midby, the project’s developer, and its former general contractor, the Korte Company.
The party’s over in downtown high-rises — that’s the message Las Vegas officials sent this week as the city continues to crack down on short-term rentals.
As Nevada grapples to address a massive shortage of affordable housing, state officials fear federal tax reform has stymied a long-standing funding resource.
The Las Vegas City Council will consider next week selling a slice of Symphony Park to a developer who wants to build 299 apartments and 4,000-square-feet of retail space for $2 million.