Council Mulling Condo Ordinance

Las Vegas condo conversion craze has left the renters dazed. The dwindling supply of rental apartments have left out-of-towners, young singles and other renters with very few options. They have to either pay higher rents for the fewer apartments left or leave Las Vegas for other cities. A tough choice indeed.

In a bid to curb the runaway condo conversion that is eating into apartment market council officals are seeking to get broader powers through an ordinance that will block the conversion of atleast of some of the rental properties. Sweeping aside the objections from condo developers and apartment complex owners the Planning Commission has recommended the passage of the ordinance.

The new powers gained through the ordinance will give the council the right to reject conversions they feel are detrimental to the community. The special use permit adds another layer of complexity which means more work for the council officials. But they are viewing this new strategy as a way preserving rental homes for those who can't to buy a home.