Phase I

ENVIRONMENTAL SITE ASSESSMENTS (ESA)

Phase I ESAs are used to provide a professional opinion by an Environmental Professional about the environmental condition of a property, usually for purchasing or refinancing. NOVA has conducted Phase I ESAs throughout the Las Vegas Valley for a wide range of property types, including vacant land, commercial properties, & industrial properties.

ALLEGIANT STADIUM

Located along the I-15 and the Strip Corridor, the location of the stadium was a native desert before construction. Files reviewed through the Nevada Division of Environmental Protection (NDEP) found several closed cases of released petroleum products to the soil from sites in the immediate vicinity, however, files reviewed showed these locations had no impact on the property.

LAS VEGAS BALLPARK & CITY NATIONAL ARENA

Located next to Downtown Summerlin, these sites were native desert prior to construction. Due to the relative newness of the Summerlin area, no potential sites of concern were in the immediate vicinity.

SYMPHONY PARK - ASPEN HEIGHTS PROJECTS

Symphony Park is located on the historic Union Pacific Railroad Yard (UPRR). For approximately 90 years, the UPRR operated its maintenance & fueling at this location causing contamination of the soil and groundwater to the UPRR site and to downtown Las Vegas from a variety of contaminants. This Phase I ESA included an extensive file review of records through the Nevada Division of Environmental Protection (NDEP) and of the Soil and Groundwater Management documents created for the Symphony Park location. The Aspen Heights project area was determined to be historically located in the area of the former maintenance yard with a fuel pipeline shown in maps to travel through the project area, along the tracks. The current usage of the site was a parking lot for the Smith Center for the Performing Arts. A Recognized Environmental Condition (REC) was determined in the Phase I ESA for the known historic contamination of the site.

THE BEND

Located near the intersection of West Sunset Road and South Durango Drive, this area is prime for commercial real estate. The location for The Bend was a native desert prior to construction. Through the Federal database review and site reconnaissance, NOVA found no environmental concerns related to the property. The Bend will the be largest shopping, dining, and entertainment destination in southwest Las Vegas.

RAILROAD PASS CASINO

Railroad Pass holds an important location in the history of the Vegas valley. The property was formerly developed with mines and has a historical significance for the development of the Hoover dam. The assessment was provided to render a professional opinion about the environmental condition for commercial development.

BLUE DIAMOND & FORT APACHE COMMERCIAL DEVELOPMENT

Visions for the 30 acres land parcel include the construction of new public infrastructure projects featuring retail, restaurants, entertainment venues, and residential units.