For North Las Vegas, it could be the deal of a lifetime. The Nevada Legislature will begin working out the details of an incentive deal for Faraday Future to build a $1 billion electric car plant in the city's Apex Industrial Park.
By most accounts of lawmakers, the deal should pass. It will create thousands of jobs. The incentive package being considered would cost about $315 million -- about $115 million to build water, roads and other utilities at the industrial park. And another $200 million in benchmarked tax abatements over 15 years.
Several sources in Carson City Wednesday said already two major developers want to follow in Faraday Future's footsteps. That includes Google, which sources say wants to put a massive data storage center there.
It also includes developers who want to construct a 4-million-square-foot greenhouse. The greenhouse, the developers hope, would grow vegetables hydroponically and be the main source of fresh produce for Strip casinos.