Las Vegas Philharmonic Fifth Street lease

At a glance

• What: Lease of city-owned property at Fifth Street School to Las Vegas Philharmonic for less than fair market value
• Tenant: Las Vegas Philharmonic, a Nevada non-profit corporation
• Location: 401 South 4th Street, Suites 155 and 165 (APN 139-34-303-001), also known as Fifth Street School
• Size: Approximately 1,759 square feet
• Rental Rate: Less than fair market value pursuant to NRS 268.064
• Where it stands: Approved by City Council 7-0

Decision

City Council voted 7-0 on September 16, 2026, to approve the lease agreement between the City of Las Vegas and Las Vegas Philharmonic for the Fifth Street School property.

Resolution R-59-2026 declared the City's intention to lease the real property to Las Vegas Philharmonic.

Sources

• City Council minutes, September 16, 2026: https://lasvegas.primegov.com/Public/CompiledDocument?compileOutputType=1&meetingTemplateId=43438

Log

2026-09-16 - City Council

Council approved the lease agreement and accompanying resolution (R-59-2026) by 7-0 vote. Public hearing was held on the fair market rental value based on a market rent analysis report from Southwest Property Consultants dated September 23, 2026.