Nearly half of the $46 million required for the development of the Rancho Santa Fe Interchange and Parkway was secured last week. The proposed infrastructure will be an asset to the city of Kingman, which finds itself well-positioned to become a major hub for transportation and industrial activity in the Southwest United States. Sunbelt’s managing partner, Bill Lenhart, plans to work with the private sector to head a public-private partnership to secure the final $26 million. The plan is to raise $13 million privately and have the City of Kingman provide the final $13 million to meet the required $46 million needed to fund the infrastructure project.
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Property values spike and continue to rise in Las Vegas’ I-15 corridor with the announcement of the new Raider’s Stadium. Just across the street from the stadium’s site, Sunbelt has closed on one of its listings. This particular parcel of Las Vegas Land has more than doubled in price since the news of the Raider’s new home. Sunbelt’s Managing Partner, Bill Lenhart explains what this land could be used for and what this might mean for property in southern Nevada.