Forest City, Public Officials Celebrate Dedication of New Las Vegas City Hall

Mar 05, 2012, 17:39 ET from Forest City Enterprises, Inc.

CLEVELAND, March 5, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today celebrated the dedication of the newly completed Las Vegas City Hall.  Company officials joined Las Vegas Mayor Carolyn G. Goodman, City Manager Betsy Fretwell, members of City Council and other civic leaders for an evening dedication ceremony that showcased the building's iconic architecture and computer-controlled LED lighting.    


Forest City's Real Estate Services subsidiary developed the City Hall for Las Vegas on a fee basis. The company owns three additional adjoining blocks of land which it intends to develop into a new civic district with a mix of uses including office, retail and services that support the City Hall and other nearby governmental buildings.  Construction of the City Hall is part of a broader strategy by Las Vegas leaders to stimulate job creation and economic revitalization of the city's historic downtown.

"This project and the benefits it will bring Las Vegas are examples of the power of public-private partnerships to revitalize our cities," said David J. LaRue, Forest City president and chief executive officer. "Great cities have strong downtowns, and it starts with great public buildings, like the new City Hall. We congratulate Las Vegas and its leaders for the vision that enabled this project to become a reality."

The City Hall is designed to meet Leadership in Energy and Environmental Design (LEED) standards. According to the city, the new building will reduce the city's energy costs by more than $400,000 annually and reduce greenhouse gas emissions by more than 2,400 metric tons. Thirty-three "solar trees" on the plaza and solar panels on the building's roof will produce approximately 290,000 kilowatt hours of power for the City Hall annually.

About Forest City
Forest City Enterprises, Inc. is an NYSE-listed national real estate company with $10.5 billion in total assets. The company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. For more information, visit

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SOURCE Forest City Enterprises, Inc.