$8.3 Million of New Markets Tax Credit Allocation
$2.5 Million Loan
Eclipse Cinemas is the development of vacant land into a one-stop, downtown
entertainment complex. This vibrant commercial and retail space will attract an
estimated 4,400 individuals weekly to help revitalize this distressed Las Vegas area.
Clearinghouse CDFI provided both a Federal and State New Markets Tax Credit
allocation together with a $2.5 million loan for this $21.1 million construction project.
Development of the 72,000 sq. ft. facility will create over 200 construction jobs and
81 full-time jobs.
Eclipse Cinemas will work with community partners to provide on the job training,
highlight new career paths, and give back to the community. Five percent of net
profits will be donated to local charities.
Download the flyer: Eclipse Cinemas