The land deal is up for approval at the March 9 Nevada System of Higher Education Board of Regents meeting.
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Prices for gasoline in the Las Vegas Valley have jumped over the past month pushing the cost of regular unleaded gas to $3.95 a gallon, according to AAA.
In what could be the equivalent to Project Neon for U.S. Highway 95, early plans reveal possible striking changes for the highway in downtown Las Vegas.