SAN FRANCISCO - The Nevada Supreme Court will hear a case brought by opponents of the Las Vegas Redevelopment Agency who want to place a measure on the ballot that the city attorney has said could eviscerate the agency and its bondholders.

The opponents, led by the powerful Culinary Workers Union Local 226, gathered signatures for two ballot measures. One is a referendum to repeal the city's current redevelopment plan, and the other is a measure that would require voter approval of any new redevelopment plan, and also voter approval for all lease-purchase bond issues, such as the city plans to use to finance a new city hall.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.